Schwab Charles Investment Management Inc. raised its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 43.4% during the first quarter, Holdings Channel reports. The institutional investor owned 5,731,806 shares of the home improvement retailer’s stock after buying an additional 1,734,963 shares during the period. Home Depot, Inc. (The) makes up approximately 0.8% of Schwab Charles Investment Management Inc.’s holdings, making the stock its 16th largest position. Schwab Charles Investment Management Inc.’s holdings in Home Depot, Inc. (The) were worth $841,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Riggs Asset Managment Co. Inc. raised its position in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares in the last quarter. CT Financial Advisors LLC raised its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares in the last quarter. Advantage Investment Management LLC purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth $103,000. University of Texas Investment Managment Co. purchased a new position in shares of Home Depot, Inc. (The) during the first quarter worth $132,000. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth $131,000. 71.52% of the stock is currently owned by institutional investors.

Shares of Home Depot, Inc. (NYSE:HD) traded down 0.49% during mid-day trading on Thursday, reaching $154.50. The company’s stock had a trading volume of 911,254 shares. The firm has a 50-day moving average of $151.43 and a 200-day moving average of $149.46. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The firm has a market capitalization of $184.71 billion, a PE ratio of 23.12 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

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A number of brokerages have recently weighed in on HD. UBS AG reissued a “buy” rating and issued a $175.00 price objective (up from $173.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.39 price objective on the stock in a report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. BidaskClub lowered Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the stock. Home Depot, Inc. (The) presently has a consensus rating of “Buy” and an average price target of $164.72.

In other news, EVP Ann Marie Campbell sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the completion of the sale, the executive vice president now directly owns 54,091 shares in the company, valued at $8,468,486.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wayne M. Hewett bought 350 shares of the stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $219,954. The disclosure for this purchase can be found here. Insiders have sold 128,900 shares of company stock valued at $20,167,386 over the last 90 days. Insiders own 0.26% of the company’s stock.

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.

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

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