The Home Depot, Inc. (NYSE:HD) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,941 shares of the home improvement retailer’s stock after acquiring an additional 1,465 shares during the period. Home Depot accounts for about 0.7% of Metis Global Partners LLC’s portfolio, making the stock its 20th largest holding. Metis Global Partners LLC’s holdings in Home Depot were worth $23,883,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HD. WFA Asset Management Corp raised its stake in shares of Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 135 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in shares of Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after purchasing an additional 623 shares during the period. Brighton Jones LLC increased its holdings in Home Depot by 1.3% in the 1st quarter. Brighton Jones LLC now owns 22,321 shares of the home improvement retailer’s stock valued at $8,562,000 after purchasing an additional 286 shares during the last quarter. Great Lakes Retirement Inc. raised its position in Home Depot by 1.3% in the first quarter. Great Lakes Retirement Inc. now owns 5,498 shares of the home improvement retailer’s stock valued at $2,109,000 after purchasing an additional 73 shares during the period. Finally, GM Advisory Group LLC lifted its stake in Home Depot by 1.8% during the first quarter. GM Advisory Group LLC now owns 5,169 shares of the home improvement retailer’s stock worth $1,983,000 after purchasing an additional 93 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $409.76 on Thursday. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The firm has a market capitalization of $407.01 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.79 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The company’s fifty day moving average price is $397.67 and its 200 day moving average price is $365.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the firm earned $3.81 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HD. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Oppenheimer boosted their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday. Melius Research started coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Finally, Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.