Brasada Capital Management LP lowered its position in Home Depot Inc (NYSE:HD) by 5.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,202 shares of the home improvement retailer’s stock after selling 191 shares during the period. Brasada Capital Management LP’s holdings in Home Depot were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Home Depot by 0.3% in the third quarter. Vanguard Group Inc. now owns 82,981,380 shares of the home improvement retailer’s stock valued at $17,189,593,000 after purchasing an additional 278,763 shares during the period. Vanguard Group Inc increased its holdings in shares of Home Depot by 0.3% in the third quarter. Vanguard Group Inc now owns 82,981,380 shares of the home improvement retailer’s stock valued at $17,189,593,000 after purchasing an additional 278,763 shares during the period. FMR LLC increased its holdings in shares of Home Depot by 2.8% in the third quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock valued at $6,175,512,000 after purchasing an additional 813,882 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Home Depot by 4.3% in the third quarter. Alliancebernstein L.P. now owns 9,871,732 shares of the home improvement retailer’s stock valued at $2,044,929,000 after purchasing an additional 407,767 shares during the period. Finally, Capital International Investors increased its holdings in shares of Home Depot by 129.2% in the third quarter. Capital International Investors now owns 7,080,765 shares of the home improvement retailer’s stock valued at $1,466,780,000 after purchasing an additional 3,991,462 shares during the period. Institutional investors own 70.93% of the company’s stock.

Shares of HD stock opened at $190.95 on Tuesday. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $215.43. The firm has a market cap of $212.59 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.09. The company had revenue of $26.49 billion for the quarter, compared to analyst estimates of $26.57 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. Home Depot’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.69 earnings per share. Equities analysts predict that Home Depot Inc will post 10.08 EPS for the current fiscal year.

Home Depot announced that its board has authorized a stock buyback plan on Tuesday, February 26th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

HD has been the topic of a number of recent analyst reports. Telsey Advisory Group lowered Home Depot from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $205.00 to $192.00 in a report on Wednesday, February 27th. Zacks Investment Research lowered Home Depot from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Bank of America reaffirmed a “neutral” rating and set a $202.00 price objective on shares of Home Depot in a report on Thursday, April 11th. Credit Suisse Group set a $194.00 price objective on Home Depot and gave the stock a “hold” rating in a report on Tuesday, February 26th. Finally, Wells Fargo & Co upped their price objective on Home Depot from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $204.71.

In other Home Depot news, EVP Edward P. Decker sold 23,744 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total value of $4,343,489.92. Following the sale, the executive vice president now owns 86,813 shares of the company’s stock, valued at $15,880,702.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 5,450 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the completion of the sale, the executive vice president now directly owns 51,030 shares in the company, valued at approximately $9,423,710.10. The disclosure for this sale can be found here. Insiders sold 41,194 shares of company stock worth $7,553,141 in the last three months. 0.27% of the stock is owned by corporate insiders.

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Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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