Home Depot Inc (HD) Shares Sold by Salem Capital Management Inc

Marco Green
May 19, 2017

First Commonwealth Financial Corp decreased Home Depot Inc (HD) stake by 42.49% reported in 2016Q4 SEC filing.

Several large investors have recently made changes to their positions in the stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cable Hill Partners LLC now owns 1,116 shares of the home improvement retailer's stock valued at $145,000 after buying an additional 105 shares during the last quarter. State Street Corp raised its position in Home Depot by 0.7% in the first quarter. Norris Perne & French LLP MI now owns 2,500 shares of the home improvement retailer's stock valued at $322,000 after buying an additional 128 shares during the last quarter. Moreover, Emerald Advisers Inc Pa has 0.25% invested in the company for 114,606 shares.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for The Home Depot, Inc. the EPS stands at 1.67 for the previous quarter, while the analysts predicted the EPS of the stock to be 1.62, suggesting the stock exceeded the analysts' expectations. Newman Dignan & Sheerar Inc. now owns 3,622 shares of the home improvement retailer's stock valued at $532,000 after buying an additional 24 shares in the last quarter. Cable Hill Partners LLC increased its position in Home Depot by 10.4% in the third quarter. WA now owns 27,453 shares of the home improvement retailer's stock valued at $4,312,000 after buying an additional 672 shares in the last quarter. Baker Ellis Asset has invested 0.26% in Home Depot Inc (NYSE:HD). About shares traded. Brown-Forman Corporation (NYSE:BF.B) has risen 6.00% since April 19, 2017 and is uptrending. Twitter Inc (NYSE:TWTR) distance from 50-day simple moving average (SMA50) is 15.75%. The stock has a market capitalization of $186.53 billion, a price-to-earnings ratio of 23.30 and a beta of 1.09. The Kentucky-based Atlas Browninc has invested 0.28% in Home Depot Inc (NYSE:HD). The home improvement retailer reported $1.67 EPS for the quarter, beating the consensus estimate of $1.61 by $0.06. Home Depot had a return on equity of 123.29% and a net margin of 8.23%.

The company reaffirmed its sales guidance calling for growth of 4.6% year over year.

Among 22 analysts covering The Home Depot Inc.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.29%.

Home Depot (NYSE:HD)'s trailing twelve month revenues are $94.6 Billion, whereas its price to sales ratio for the same period is 1.99. Decker Edward P. also sold $2.62M worth of Home Depot Inc (NYSE:HD) shares. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of U.S. & worldwide copyright legislation. The legal version of this report can be accessed at https://sportsperspectives.com/2017/05/19/home-depot-inc-hd-shares-sold-by-salem-capital-management-inc.html.

HD has been the subject of a number of other reports. Vetr upgraded Home Depot from a "hold" rating to a "buy" rating and set a $152.86 price target for the company in a research note on Wednesday, March 8th.

Stifel reiterated a Buy rating and raised its price target from $165 to $178.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 16th.

The target price for The Home Depot, Inc.

Oppenheimer has a Buy rating with a $178 price target. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock notched a 12-month high of $156.62 while $175.00 target is by far the most aggressive out of analysts who are now evaluating the company, $18.38 higher than the next highest 52-week price estimate. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services.

The next level of integration of Interline, which enables customers to make purchases from their Interline accounts at Home Depot stores, is expected to boost the company's sales.

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