Morningstar Investment Services LLC increased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,789 shares of the home improvement retailer’s stock after buying an additional 70 shares during the period. Morningstar Investment Services LLC’s holdings in Home Depot, Inc. (The) were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Home Depot, Inc. (The) by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after purchasing an additional 396,271 shares during the last quarter. Clearbridge Investments LLC increased its stake in Home Depot, Inc. (The) by 1.8% in the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock valued at $1,158,533,000 after purchasing an additional 140,221 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Home Depot, Inc. (The) by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,839,272 shares of the home improvement retailer’s stock valued at $895,745,000 after purchasing an additional 107,466 shares during the last quarter. Jennison Associates LLC increased its stake in Home Depot, Inc. (The) by 11.7% in the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after purchasing an additional 556,596 shares during the last quarter. Finally, Pioneer Investment Management Inc. increased its stake in Home Depot, Inc. (The) by 4.5% in the second quarter. Pioneer Investment Management Inc. now owns 5,111,695 shares of the home improvement retailer’s stock valued at $784,134,000 after purchasing an additional 218,110 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

HD has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Robert W. Baird set a $175.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Sunday, September 10th. Royal Bank Of Canada set a $179.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Monday, October 30th. Credit Suisse Group set a $171.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $170.00 price objective on shares of Home Depot, Inc. (The) in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $172.38.

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Home Depot, Inc. (NYSE HD) opened at $164.22 on Tuesday. The stock has a market capitalization of $193,785.89, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.66 and a beta of 1.08. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. Home Depot, Inc. has a 52-week low of $120.06 and a 52-week high of $167.94.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion during the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. Home Depot, Inc. (The)’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.97 earnings per share. equities analysts expect that Home Depot, Inc. will post 7.32 EPS for the current fiscal year.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the transaction, the executive vice president now owns 64,810 shares in the company, valued at $9,877,044. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,717 shares of company stock valued at $8,916,321. 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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