Vident Investment Advisory LLC Acquires New Holdings in Home Depot Inc (HD)

Vident Investment Advisory LLC purchased a new stake in shares of Home Depot Inc (NYSE:HD) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 3,009 shares of the home improvement retailer’s stock, valued at approximately $623,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Pacer Advisors Inc. increased its position in Home Depot by 30.0% during the third quarter. Pacer Advisors Inc. now owns 70,425 shares of the home improvement retailer’s stock worth $14,589,000 after buying an additional 16,256 shares during the last quarter. Bell Rock Capital LLC bought a new position in Home Depot during the third quarter worth about $5,021,000. Capital International Investors lifted its stake in Home Depot by 129.2% during the third quarter. Capital International Investors now owns 7,080,765 shares of the home improvement retailer’s stock worth $1,466,780,000 after purchasing an additional 3,991,462 shares during the period. Capital Guardian Trust Co. bought a new position in Home Depot during the third quarter worth about $354,000. Finally, Capital International Inc. CA bought a new position in shares of Home Depot in the third quarter valued at approximately $1,273,000. 69.34% of the stock is owned by hedge funds and other institutional investors.

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HD has been the subject of a number of analyst reports. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Credit Suisse Group cut their price target on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a research report on Thursday, November 15th. Deutsche Bank lowered their price objective on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Citigroup decreased their target price on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Finally, Royal Bank of Canada cut their price target on shares of Home Depot from $218.00 to $208.00 and set an “outperform” rating for the company in a report on Monday, November 12th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $204.67.

HD stock opened at $192.39 on Friday. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $215.43. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68. The firm has a market capitalization of $216.67 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10.

In other news, EVP Ann Marie Campbell sold 13,457 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the completion of the transaction, the executive vice president now directly owns 56,198 shares of the company’s stock, valued at approximately $9,702,022.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 7,203 shares of the company’s stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $177.45, for a total value of $1,278,172.35. Following the transaction, the executive vice president now directly owns 23,109 shares of the company’s stock, valued at $4,100,692.05. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

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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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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