NGAM Advisors L.P. grew its holdings in Home Depot, Inc. (The) (NYSE:HD) by 55.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246,577 shares of the home improvement retailer’s stock after acquiring an additional 87,827 shares during the period. NGAM Advisors L.P.’s holdings in Home Depot, Inc. (The) were worth $37,825,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HD. Boston Partners purchased a new stake in shares of Home Depot, Inc. (The) in the 1st quarter valued at $326,895,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Home Depot, Inc. (The) by 43.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after acquiring an additional 1,734,963 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Home Depot, Inc. (The) in the 1st quarter valued at $99,739,000. Jennison Associates LLC boosted its holdings in shares of Home Depot, Inc. (The) by 11.7% in the 1st quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after acquiring an additional 556,596 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Home Depot, Inc. (The) by 721.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 608,454 shares of the home improvement retailer’s stock valued at $89,339,000 after acquiring an additional 534,406 shares during the last quarter. 71.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Home Depot, Inc. (NYSE HD) opened at 165.71 on Tuesday. The stock’s 50 day moving average is $157.60 and its 200-day moving average is $153.61. The stock has a market cap of $195.34 billion, a price-to-earnings ratio of 23.85 and a beta of 1.07. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $166.63.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.04. The business had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.97 EPS. Equities analysts anticipate that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

Several research firms have recently commented on HD. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $152.00 price objective on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. Oppenheimer Holdings, Inc. set a $178.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, August 15th. Wedbush reaffirmed a “market perform” rating on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $172.38.

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In related news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were 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 of the company’s stock, valued at approximately $9,877,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly 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. Insiders have sold a total of 57,717 shares of company stock valued at $8,916,321 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) 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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