Fishman Jay A Ltd. MI Sells 580 Shares of Home Depot Inc (NYSE:HD)

Fishman Jay A Ltd. MI reduced its stake in Home Depot Inc (NYSE:HD) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,957 shares of the home improvement retailer’s stock after selling 580 shares during the period. Home Depot accounts for approximately 3.4% of Fishman Jay A Ltd. MI’s holdings, making the stock its 14th largest holding. Fishman Jay A Ltd. MI’s holdings in Home Depot were worth $18,088,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HD. Krane Funds Advisors LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $25,000. Enterprise Trust & Investment Co bought a new position in shares of Home Depot in the 3rd quarter valued at about $27,000. Julex Capital Management LLC bought a new position in shares of Home Depot in the 3rd quarter valued at about $29,000. Evolution Wealth Advisors LLC bought a new position in shares of Home Depot in the 2nd quarter valued at about $31,000. Finally, Proffitt & Goodson Inc. grew its holdings in shares of Home Depot by 106.2% in the 3rd quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock valued at $31,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 70.02% of the company’s stock.

Home Depot stock traded down $0.10 during midday trading on Friday, reaching $232.84. 2,038,410 shares of the company’s stock were exchanged, compared to its average volume of 2,590,316. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $238.99. The firm has a market cap of $254.29 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 2.31 and a beta of 1.04. The stock’s 50-day simple moving average is $232.23 and its 200 day simple moving average is $214.66.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The business had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter last year, the company posted $3.05 earnings per share. Home Depot’s quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Home Depot Inc will post 10.12 earnings per share for the current year.

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In other news, EVP Edward P. Decker sold 22,908 shares of Home Depot stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the completion of the sale, the executive vice president now directly owns 87,343 shares in the company, valued at $19,839,962.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William G. Lennie sold 9,200 shares of Home Depot stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the sale, the executive vice president now owns 84,123 shares of the company’s stock, valued at $18,511,266.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,508 shares of company stock valued at $39,076,428. Corporate insiders own 0.27% of the company’s stock.

HD has been the subject of several analyst reports. Telsey Advisory Group raised their price objective on Home Depot from $210.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. Argus set a $240.00 price objective on Home Depot and gave the company a “buy” rating in a report on Wednesday, August 21st. SunTrust Banks restated a “hold” rating and issued a $208.00 price objective on shares of Home Depot in a report on Wednesday, August 21st. UBS Group raised their price objective on Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Royal Bank of Canada raised their price objective on Home Depot from $229.00 to $233.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $229.77.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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