Citizens & Northern Corp lessened its stake in Home Depot Inc (NYSE:HD) by 19.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,368 shares of the home improvement retailer’s stock after selling 2,531 shares during the period. Home Depot accounts for about 1.3% of Citizens & Northern Corp’s holdings, making the stock its 24th biggest position. Citizens & Northern Corp’s holdings in Home Depot were worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. Atlantic Trust LLC increased its position in Home Depot by 12.8% during the 2nd quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock worth $3,119,000 after purchasing an additional 2,309 shares during the period. APG Asset Management N.V. increased its position in Home Depot by 6.3% during the 3rd quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock worth $366,731,000 after purchasing an additional 133,300 shares during the period. IFP Advisors Inc increased its position in Home Depot by 3.0% during the 2nd quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock worth $11,295,000 after purchasing an additional 2,133 shares during the period. Smithfield Trust Co. increased its position in Home Depot by 0.3% during the 2nd quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock worth $1,287,000 after purchasing an additional 25 shares during the period. Finally, BP PLC increased its position in Home Depot by 16.2% during the 2nd quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock worth $27,459,000 after purchasing an additional 25,000 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.
Several research firms have issued reports on HD. Credit Suisse Group boosted their target price on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus boosted their target price on Home Depot from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Telsey Advisory Group reissued an “outperform” rating and set a $220.00 price target (up previously from $190.00) on shares of Home Depot in a research note on Friday, January 19th. Jefferies Group reissued a “buy” rating and set a $223.00 price target on shares of Home Depot in a research note on Monday, February 5th. Finally, Oppenheimer reissued a “buy” rating on shares of Home Depot in a research note on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $190.32.
Shares of Home Depot Inc (NYSE HD) opened at $184.69 on Thursday. Home Depot Inc has a 52 week low of $140.90 and a 52 week high of $207.60. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The stock has a market capitalization of $215,670.00, a P/E ratio of 25.62, a P/E/G ratio of 1.34 and a beta of 1.08.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same quarter in the prior year, the company posted $1.60 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities analysts forecast that Home Depot Inc will post 7.38 earnings per share for the current year.
Home Depot declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
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Home Depot Company Profile
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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