BTIM Corp. raised its position in Home Depot, Inc. (The) (NYSE:HD) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,668 shares of the home improvement retailer’s stock after buying an additional 50 shares during the period. BTIM Corp.’s holdings in Home Depot, Inc. (The) were worth $2,864,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. American Beacon Advisors Inc. acquired a new stake in shares of Home Depot, Inc. (The) during the first quarter worth about $100,000. Advantage Investment Management LLC acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $103,000. Riggs Asset Managment Co. Inc. increased its stake 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 worth $109,000 after buying an additional 397 shares during the period. CT Financial Advisors LLC increased its stake 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 during the period. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $131,000. 71.52% of the stock is owned by institutional investors.

Home Depot, Inc. (NYSE HD) traded up 0.79% during midday trading on Friday, reaching $155.10. The company had a trading volume of 1,769,037 shares. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The company’s 50 day moving average is $151.35 and its 200-day moving average is $149.49. The company has a market capitalization of $185.43 billion, a P/E ratio of 23.21 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. The company had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. Equities analysts expect that Home Depot, Inc. will post $7.25 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on HD. Robert W. Baird set a $175.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. BMO Capital Markets set a $176.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Stifel Nicolaus reissued a “buy” rating and issued a $178.00 target price (up from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Royal Bank Of Canada set a $166.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Monday, May 15th. Finally, BTIG Research boosted their target price on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $164.72.

In related news, Director Wayne M. Hewett bought 350 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $157.11 per share, with a total value of $54,988.50. Following the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $219,954. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William G. Lennie sold 31,239 shares of Home Depot, Inc. (The) stock in a transaction on Thursday, May 18th. The shares were 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 directly owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The disclosure for this sale can be found here. Insiders have sold a total of 128,900 shares of company stock valued at $20,167,386 in the last three months. Company insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

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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