Bridgeway Capital Management Inc. Invests $15.35 Million in Home Depot Inc (HD) Stock

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Bridgeway Capital Management Inc. purchased a new position in Home Depot Inc (NYSE:HD) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 74,100 shares of the home improvement retailer’s stock, valued at approximately $15,350,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC boosted its position in Home Depot by 2.8% during the 3rd quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock worth $6,175,512,000 after acquiring an additional 813,882 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Home Depot by 4.3% during the 3rd quarter. Alliancebernstein L.P. now owns 9,871,732 shares of the home improvement retailer’s stock valued at $2,044,929,000 after buying an additional 407,767 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Home Depot by 11.4% during the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock valued at $1,889,985,000 after buying an additional 991,466 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Home Depot by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 4,446,106 shares of the home improvement retailer’s stock valued at $921,011,000 after buying an additional 119,507 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Home Depot by 2.9% during the 2nd quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock valued at $789,299,000 after buying an additional 115,600 shares during the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HD stock opened at $188.41 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43. The company has a market capitalization of $211.58 billion, a P/E ratio of 25.26, a P/E/G ratio of 1.40 and a beta of 1.10.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The business had revenue of $26.30 billion for the quarter, compared to the consensus estimate of $26.23 billion. During the same period last year, the business earned $1.84 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Home Depot Inc will post 9.8 EPS for the current year.

Several brokerages have recently issued reports on HD. Robert W. Baird reduced their price target on Home Depot from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Tuesday, November 13th. Edward Jones upgraded Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley reduced their price target on Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, October 23rd. Loop Capital reduced their price target on Home Depot from $200.00 to $180.00 and set a “hold” rating for the company in a report on Tuesday, November 13th. Finally, Credit Suisse Group set a $204.00 price target on Home Depot and gave the company a “hold” rating in a report on Tuesday, November 13th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $204.60.

In related news, Director Mark C. Vadon acquired 11,500 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were acquired at an average cost of $174.27 per share, with a total value of $2,004,105.00. Following the purchase, the director now owns 31,095 shares of the company’s stock, valued at $5,418,925.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 13,457 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total value of $2,323,216.48. Following the completion of the transaction, the executive vice president now directly owns 56,198 shares in the company, valued at $9,702,022.72. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

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Home Depot Company Profile

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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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