Domani Wealth LLC bought a new stake in Home Depot Inc (NYSE:HD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,508 shares of the home improvement retailer’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. Janus Henderson Group PLC raised its stake in shares of Home Depot by 2,013.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after purchasing an additional 3,162,631 shares during the period. Harbour Capital Advisors LLC raised its stake in shares of Home Depot by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after purchasing an additional 1,852,784 shares during the period. Westfield Capital Management Co. LP bought a new stake in shares of Home Depot during the 2nd quarter valued at $133,780,000. Parametric Portfolio Associates LLC raised its stake in shares of Home Depot by 35.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after purchasing an additional 850,074 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Home Depot by 14.4% during the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after purchasing an additional 761,586 shares during the period. Hedge funds and other institutional investors own 70.18% of the company’s stock.

A number of equities analysts have weighed in on HD shares. Royal Bank of Canada set a $179.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Monday, October 30th. Citigroup upped their target price on Home Depot from $179.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Credit Suisse Group set a $171.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Bank of America upped their target price on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, KeyCorp started coverage on Home Depot in a research note on Tuesday, November 7th. They issued a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $183.28.

In other news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the transaction, the executive vice president now directly owns 29,559 shares in the company, valued at approximately $5,410,183.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Home Depot Inc (NYSE:HD) opened at $196.31 on Wednesday. Home Depot Inc has a fifty-two week low of $134.60 and a fifty-two week high of $199.42. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The stock has a market capitalization of $229,369.27, a PE ratio of 27.27, a PEG ratio of 1.82 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same period in the prior year, the business earned $1.60 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. research analysts anticipate that Home Depot Inc will post 7.39 earnings per share for the current fiscal year.

Home Depot announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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About Home Depot

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.

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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