Home Depot, Inc. (The) (NYSE:HD) Position Held by Handelsinvest Investeringsforvaltning

Paterniano Del Favero
Agosto 13, 2017

The institutional investor owned 5,161 shares of the home improvement retailer's stock after buying an additional 1,335 shares during the period.

Balasa Dinverno & Foltz LLC boosted its stake in shares of Home Depot, Inc. (The) were worth $3,083,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Home Depot, Inc. (The) during the first quarter valued at $132,000. Advantage Investment Management LLC bought a new stake in Home Depot, Inc. Bank of Montreal Can now owns 4,344,516 shares of the home improvement retailer's stock valued at $357,163,000 after buying an additional 359,445 shares during the last quarter. Finally, LVM Capital Management Ltd. MI boosted its position in shares of Home Depot, Inc. (The) by 72.7% in the fourth quarter. Inc. now owns 745 shares of the home improvement retailer's stock valued at $109,000 after buying an additional 397 shares during the last quarter. (The) during the fourth quarter worth about $1,502,692,000.

Winfield Associates Inc. raised its stake in Lowe's Companies, Inc. (The) by 1.4% in the fourth quarter. Ancora Advisors LLC now owns 18,906 shares of the home improvement retailer's stock valued at $2,534,000 after buying an additional 14,060 shares during the last quarter. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86.

Home Depot, (HD) transacted up 0.65% throughout intraday market trading on early Friday, reaching $154.88. The stock's 50-day moving average price is $151.33 and its 200 day moving average price is $149.61. The stock has a market cap of $185.17 billion, a price-to-earnings ratio of 23.18 and a beta of 1.08. The home improvement retailer reported $1.67 EPS for the quarter, topping the Zacks' consensus estimate of $1.61 by $0.06. Lowe's Companies had a net margin of 4.22% and a return on equity of 56.78%. The company had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The business's revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Home Depot, Inc. will post $7.25 earnings per share for the current fiscal year.

Traders sold shares of Home Depot, Inc. University of Texas Investment Managment Co. acquired a new position in shares of Home Depot, Inc. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/13/handelsinvest-investeringsforvaltning-has-3083000-stake-in-home-depot-inc-the-nysehd-updated.html. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company's stock. There was some concerned buzz recently when Amazon announced that it would be selling appliances in cooperation with Kenmore, but the outlook for Home Depot remains as strong as ever, according to the firm. Wolfe Research reissued an "outperform" rating and set a $94.00 price target (down previously from $95.00) on shares of Lowe's Companies in a research report on Sunday, May 28th. Zacks Investment Research cut Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, August 8th. The company presently has an average rating of "Buy" and an average price target of $164.72. Stifel Nicolaus decreased their target price on Lowe's Companies from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, May 25th.

HD has been the topic of several research analyst reports. Finally, Sanford C. Bernstein reaffirmed an "underperform" rating and issued a $69.00 price target on shares of Lowe's Companies in a report on Wednesday, July 12th.

The Home Depot, Inc (The Home Depot) is a home improvement retailer. (The) and gave the company a "buy" rating in a report on Monday, May 15th.

In other Lowe's Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $156.56, for a total transaction of $1,095,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wayne M. Hewett bought 350 stocks of the firms shares in a trade that took place on Wed, May 17th. The shares were bought at an average cost of $157.11 per share, with a total value of $54,988.50. Following the transaction, the chief executive officer now owns 240,090 shares in the company, valued at $37,643,711.10. The disclosure for this purchase can be found here. Insiders sold a total of 128,900 shares of company stock valued at $20,167,386 in the last ninety days. Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc.

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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