Pensions

British Airways Pensions Investment Management Ltd Sells 18,639 Shares of Home Depot, Inc. (The) (HD)

British Airways Pensions Investment Management Ltd lowered its stake in Home Depot, Inc. (The) (NYSE:HD) by 8.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,466 shares of the home improvement retailer’s stock after selling 18,639 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in Home Depot, Inc. (The) were worth $28,539,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Seven Eight Capital LP purchased a new position in Home Depot, Inc. (The) during the fourth quarter valued at approximately $1,096,000. GLG Partners LP raised its position in Home Depot, Inc. (The) by 72.7% in the fourth quarter. GLG Partners LP now owns 146,169 shares of the home improvement retailer’s stock valued at $19,598,000 after buying an additional 61,532 shares in the last quarter. Castle Ridge Investment Management LP purchased a new position in Home Depot, Inc. (The) during the fourth quarter valued at approximately $2,828,000. SRS Capital Advisors Inc. purchased a new position in Home Depot, Inc. (The) during the fourth quarter valued at approximately $376,000. Finally, Discovery Capital Management LLC CT purchased a new position in Home Depot, Inc. (The) during the fourth quarter valued at approximately $32,967,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Shares of Home Depot, Inc. (NYSE HD) opened at 148.08 on Friday. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The firm’s 50-day moving average is $152.29 and its 200-day moving average is $148.52. The stock has a market capitalization of $177.04 billion, a price-to-earnings ratio of 22.16 and a beta of 1.09.

Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 EPS. On average, analysts predict that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

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Several research firms have recently commented on HD. Vetr lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target for the company. in a research report on Monday, June 19th. BMO Capital Markets set a $176.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and set a $178.00 price target (up previously from $165.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Telsey Advisory Group restated an “outperform” rating and set a $175.00 price target (up previously from $154.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Finally, Robert W. Baird set a $175.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $164.68.

In related news, Director Wayne M. Hewett bought 350 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $157.11 per share, for a total transaction of $54,988.50. Following the transaction, the director now owns 1,400 shares of the company’s stock, valued at $219,954. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 7,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total value of $1,095,920.00. Following the transaction, the executive vice president now owns 54,091 shares of the company’s stock, valued at $8,468,486.96. The disclosure for this sale can be found here. Insiders have sold a total of 128,900 shares of company stock valued at $20,167,386 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)




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