Allen Investment Management LLC cut its position in Home Depot, Inc. (The) (NYSE:HD) by 3.6% during the first quarter, Holdings Channel reports. The institutional investor owned 33,138 shares of the home improvement retailer’s stock after selling 1,228 shares during the period. Allen Investment Management LLC’s holdings in Home Depot, Inc. (The) were worth $4,866,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CT Financial Advisors LLC raised 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 in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock worth $241,000 after buying an additional 6 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. raised its stake in shares of Home Depot, Inc. (The) by 0.3% in the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock worth $400,000 after buying an additional 9 shares in the last quarter. Piershale Financial Group Inc. raised its stake in shares of Home Depot, Inc. (The) by 0.6% in the first quarter. Piershale Financial Group Inc. now owns 2,192 shares of the home improvement retailer’s stock worth $322,000 after buying an additional 13 shares in the last quarter. Finally, LVM Capital Management Ltd. MI raised its stake in shares of Home Depot, Inc. (The) by 1.1% in the first quarter. LVM Capital Management Ltd. MI now owns 2,087 shares of the home improvement retailer’s stock worth $306,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 71.52% of the company’s stock.

Home Depot, Inc. (HD) traded down 0.5361% during mid-day trading on Thursday, reaching $154.4276. 919,948 shares of the company were exchanged. The stock’s 50-day moving average price is $151.43 and its 200-day moving average price is $149.46. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The stock has a market capitalization of $184.63 billion, a price-to-earnings ratio of 23.1075 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the Zacks’ 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 business had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the previous year, the company posted $1.44 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

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Several analysts recently issued reports on HD shares. Atlantic Securities lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price for the company. in a research report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and set a $178.00 target price (up from $165.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, May 16th. UBS AG reaffirmed a “buy” rating and set a $175.00 price target (up previously from $173.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $152.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. Home Depot, Inc. (The) currently has a consensus rating of “Buy” and an average target price of $164.72.

In other news, CEO Craig A. Menear sold 90,661 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the completion of the transaction, the chief executive officer now directly owns 240,090 shares of the company’s stock, valued at $37,643,711.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 7,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total value of $1,095,920.00. Following the transaction, the executive vice president now directly owns 54,091 shares of the company’s stock, valued at $8,468,486.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,900 shares of company stock valued at $20,167,386. Corporate 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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