Bristlecone Advisors LLC increased its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,589 shares of the home improvement retailer’s stock after buying an additional 915 shares during the period. Bristlecone Advisors LLC’s holdings in Home Depot, Inc. (The) were worth $2,583,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Home Depot, Inc. (The) during the fourth quarter worth $1,502,692,000. Boston Partners purchased a new position in Home Depot, Inc. (The) during the first quarter worth about $326,895,000. Schwab Charles Investment Management Inc. increased its position in Home Depot, Inc. (The) by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after buying an additional 1,734,963 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Home Depot, Inc. (The) by 96.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,720,516 shares of the home improvement retailer’s stock worth $230,687,000 after buying an additional 842,499 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in Home Depot, Inc. (The) during the first quarter worth about $99,739,000. Institutional investors own 71.27% of the company’s stock.

Shares of Home Depot, Inc. (NYSE HD) traded up 1.74% during mid-day trading on Wednesday, hitting $152.79. The stock had a trading volume of 2,370,358 shares. The company has a market cap of $182.67 billion, a PE ratio of 22.86 and a beta of 1.08. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The stock has a 50 day moving average price of $151.38 and a 200-day moving average price of $149.98. Home Depot, Inc. (The) also was the recipient of some unusual options trading on Monday. Investors bought 31,506 put options on the company. This represents an increase of approximately 331% compared to the typical daily volume of 7,312 put options.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. Home Depot, Inc. (The)’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.97 EPS. On average, equities analysts expect that Home Depot, Inc. will post $7.25 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Bristlecone Advisors LLC Buys 915 Shares of Home Depot, Inc. (The) (HD)” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/bristlecone-advisors-llc-buys-915-shares-of-home-depot-inc-the-hd/1495701.html.

A number of equities analysts have recently issued reports on HD shares. BTIG Research increased their price target on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.56 price target on the stock in a research report on Tuesday, June 6th. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Wednesday, July 12th. Jefferies Group LLC increased their price target on Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Finally, Credit Suisse Group set a $163.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $165.43.

In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the sale, the executive vice president now owns 46,294 shares in the company, valued at approximately $7,197,328.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

Home Depot, Inc. (The) 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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot, Inc. (The) (NYSE:HD).

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

Receive News & Ratings for Home Depot Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.