Moffett Nathanson: "Time To "Buy" Home Depot (NYSE:HD)"

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The institutional investor owned 8,120 shares of the home improvement retailer's stock after selling 5,680 shares during the quarter.

The most recent open market insider trade was Sell of 32,000 shares on a day where the closing price was 157.1. Illinois-based Calamos Wealth Mgmt Limited has invested 1.24% in The Home Depot, Inc. Lpl Ltd Llc reported 320,784 shares. State Treasurer State of MI now owns 1,470,028 shares of the home improvement retailer's stock valued at $215,844,000 after purchasing an additional 117,400 shares during the last quarter. Aviance Mngmt Limited Liability Company has 0.08% invested in The Home Depot, Inc.

The stock decreased 1.11% or $2.05 during the last trading session, reaching $182.85.

Examining Institutional Ownership at The Home Depot, Inc. Ruggie Capital Group grew its holdings in Home Depot by 12.2% in the second quarter. ING Groep NV now owns 291,115 shares of the home improvement retailer's stock valued at $42,744,000 after purchasing an additional 93,107 shares during the last quarter. Segment Wealth Management Ltd Limited Liability Company, a Texas-based fund reported 28,248 shares. (NYSE:HD) for 219,875 shares. 2,550,142 shares of the stock were exchanged, compared to its average volume of 4,448,647. Manikay Partners Llc who had been investing in Pandora Media Inc for a number of months, seems to be bullish on the $1.18 billion market cap company. Home Depot, Inc. has a 12 month low of $128.68 and a 12 month high of $186.31.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. Since 2002 and through the third quarter of fiscal 2017, the Company has returned approximately $73 billion of cash to shareholders through repurchases, repurchasing approximately 1.3 billion shares. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. Home Depot's quarterly revenue was up 8.1% compared to the same quarter previous year.

Home Depot has been benefiting from a rebound in US housing prices, which has spurred owners to spend more on fixing up their properties. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.98%. Robert W. Baird maintained The Home Depot, Inc.

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Home Depot is sticking by its outlook for the year and will buy back $15 billion in company shares. It intends to repurchase an additional $2.1 billion of shares in the fourth quarter, it said, bringing total fiscal 2017 share repurchases to $8 billion. 81,359 were reported by Massmutual Trust Co Fsb Adv. St Germain D J Company reported 4,424 shares.

Several other research analysts have also commented on HD. Zacks Investment Research cut shares of Home Depot from a "buy" rating to a "hold" rating in a report on Wednesday, August 30th.

Home Depot Inc (HD.N), the largest USA home improvement chain, on Wednesday announced a $15 billion share repurchase plan and set a target to grow annual sales to between $114.7 billion and $119.8 billion by the year ending January 2021. Longbow Research reiterated a "buy" rating and issued a $175.00 price target on shares of Home Depot in a research report on Monday, August 14th. Finally, Bank of America raised their price target on shares of Home Depot from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, November 8th. Credit Suisse maintained it with "Buy" rating and $183.0 target in Wednesday, November 29 report. (NYSE:HD), 23 have Buy rating, 0 Sell and 8 Hold. The company now has a consensus rating of "Buy" and an average price target of $177.22. Of those transactions, there were 159,041 shares of HD bought and 760,613 shares sold. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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Insider Trading Activity for The Home Depot, Inc.

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