Ashburton Jersey Ltd trimmed its holdings in shares of Home Depot Inc (NYSE:HD) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,288 shares of the home improvement retailer’s stock after selling 3,011 shares during the period. Home Depot accounts for approximately 6.0% of Ashburton Jersey Ltd’s holdings, making the stock its 7th largest holding. Ashburton Jersey Ltd’s holdings in Home Depot were worth $13,786,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Home Depot by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after buying an additional 703,292 shares during the last quarter. Capital Research Global Investors boosted its position in Home Depot by 0.9% in the 2nd quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after buying an additional 170,139 shares during the last quarter. Northern Trust Corp boosted its position in Home Depot by 1.3% in the 2nd quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after buying an additional 222,958 shares during the last quarter. Alliancebernstein L.P. boosted its position in Home Depot by 1.1% in the 2nd quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock valued at $1,231,485,000 after buying an additional 84,750 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Home Depot by 14.4% in 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 buying an additional 761,586 shares during the last quarter. 70.51% of the stock is owned by hedge funds and other institutional investors.

Home Depot Inc (NYSE:HD) opened at $181.22 on Friday. Home Depot Inc has a 12-month low of $137.41 and a 12-month high of $207.60. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. The stock has a market capitalization of $211,620.00, a price-to-earnings ratio of 25.13, a PEG ratio of 1.39 and a beta of 1.08.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same period last year, the company earned $1.60 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. research analysts anticipate that Home Depot Inc will post 7.38 earnings per share for the current fiscal year.

Home Depot declared that its board has authorized a stock buyback program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

A number of research analysts have commented on HD shares. Credit Suisse Group set a $171.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Robert W. Baird set a $175.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Royal Bank of Canada set a $179.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Monday, October 30th. KeyCorp started coverage on Home Depot in a research report on Tuesday, November 7th. They issued a “sector weight” rating on the stock. Finally, Bank of America increased their price objective on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $190.32.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the transaction, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

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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.

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

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