Ashburton Jersey Ltd continued to hold its stake in Home Depot Inc (NYSE:HD) during the first quarter, Holdings Channel reports. The firm owned 83,598 shares of the home improvement retailer’s stock at the end of the first quarter. Home Depot comprises approximately 5.8% of Ashburton Jersey Ltd’s investment portfolio, making the stock its 8th largest position. Ashburton Jersey Ltd’s holdings in Home Depot were worth $12,275,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Baystate Wealth Management LLC boosted its stake in Home Depot by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock worth $441,000 after buying an additional 1,831 shares during the last quarter. Paragon Wealth Strategies LLC boosted its stake in Home Depot by 18.7% in the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock worth $267,000 after buying an additional 286 shares during the last quarter. Norges Bank acquired a new stake in Home Depot during the fourth quarter worth about $1,502,692,000. Farmers & Merchants Investments Inc. boosted its stake in Home Depot by 5.9% in the first quarter. Farmers & Merchants Investments Inc. now owns 26,896 shares of the home improvement retailer’s stock worth $3,949,000 after buying an additional 1,500 shares during the last quarter. Finally, McQueen Ball & Associates Inc. acquired a new stake in Home Depot during the first quarter worth about $226,000. 71.27% of the stock is owned by institutional investors and hedge funds.

Shares of Home Depot Inc (NYSE HD) traded down 3.354% during midday trading on Tuesday, reaching $149.086. The company’s stock had a trading volume of 4,864,170 shares. The stock has a market cap of $178.24 billion, a PE ratio of 22.308 and a beta of 1.08. Home Depot Inc has a one year low of $119.20 and a one year high of $160.86. The firm has a 50-day moving average of $151.42 and a 200-day moving average of $149.89. Home Depot also was the target of unusually large options trading on Monday. Traders acquired 31,506 put options on the stock. This is an increase of approximately 331% compared to the typical daily volume of 7,312 put options.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. Home Depot had a return on equity of 194.77% and a net margin of 8.43%. The business had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Home Depot Inc will post $7.25 EPS for the current year.

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A number of analysts recently issued reports on HD shares. BTIG Research increased their target price on Home Depot from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Vetr raised Home Depot from a “hold” rating to a “buy” rating and set a $165.56 price target for the company in a research report on Tuesday, June 6th. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research report on Wednesday, July 12th. Jefferies Group LLC upped their price target on Home Depot 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 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average target price of $165.12.

In other Home Depot news, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the transaction, the executive vice president now owns 46,294 shares of the company’s stock, valued at $7,197,328.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Craig A. Menear sold 90,661 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the chief executive officer now directly owns 240,090 shares in the company, valued at approximately $37,643,711.10. The disclosure for this sale can be found here. In the last three months, insiders sold 128,900 shares of company stock worth $20,167,386. Insiders own 0.26% of the company’s stock.

About Home Depot

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.

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

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