Zevin Asset Management LLC Sells 261 Shares of Home Depot Inc (NYSE:HD)

Zevin Asset Management LLC reduced its position in Home Depot Inc (NYSE:HD) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,440 shares of the home improvement retailer’s stock after selling 261 shares during the quarter. Zevin Asset Management LLC’s holdings in Home Depot were worth $1,262,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HD. Krane Funds Advisors LLC purchased a new stake in shares of Home Depot during the second quarter worth about $25,000. Enterprise Trust & Investment Co acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $27,000. Julex Capital Management LLC acquired a new position in Home Depot in the 3rd quarter valued at $29,000. Evolution Wealth Advisors LLC acquired a new position in Home Depot in the 2nd quarter valued at $31,000. Finally, Proffitt & Goodson Inc. grew its holdings in shares of Home Depot by 106.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 70.02% of the company’s stock.

A number of equities research analysts have issued reports on HD shares. UBS Group increased their price target on Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. KeyCorp reiterated a “hold” rating on shares of Home Depot in a research note on Wednesday, August 21st. Telsey Advisory Group lifted their price target on Home Depot from $210.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. Nomura began coverage on Home Depot in a report on Friday. They set a “neutral” rating and a $240.00 price objective for the company. Finally, Loop Capital lifted their price objective on Home Depot to $200.00 and gave the stock a “hold” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $229.77.

HD traded down $0.10 during 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. The company’s fifty day moving average price is $232.23 and its 200-day moving average price is $214.66. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $238.99. The firm has a market capitalization of $254.29 billion, a PE ratio of 23.54, a P/E/G ratio of 2.31 and a beta of 1.04.

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Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The business had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same period in the previous year, the firm posted $3.05 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current year.

In related news, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the sale, the executive vice president now owns 87,343 shares in the company, valued at approximately $19,839,962.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William G. Lennie sold 9,200 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the sale, the executive vice president now owns 84,123 shares in the company, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by insiders.

About Home Depot

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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