Bartlett & Co. LLC acquired a new stake in Home Depot Inc (NYSE:HD) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 30,756 shares of the home improvement retailer’s stock, valued at approximately $5,742,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ballentine Partners LLC raised its position in Home Depot by 0.4% during the fourth quarter. Ballentine Partners LLC now owns 10,941 shares of the home improvement retailer’s stock valued at $2,389,000 after purchasing an additional 45 shares during the period. SRS Capital Advisors Inc. raised its position in Home Depot by 2.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,310 shares of the home improvement retailer’s stock valued at $505,000 after purchasing an additional 45 shares during the period. Verus Financial Partners Inc. raised its position in Home Depot by 1.2% during the fourth quarter. Verus Financial Partners Inc. now owns 3,900 shares of the home improvement retailer’s stock valued at $852,000 after purchasing an additional 47 shares during the period. Northern Oak Wealth Management Inc. raised its position in Home Depot by 0.5% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 9,500 shares of the home improvement retailer’s stock valued at $2,075,000 after purchasing an additional 47 shares during the period. Finally, Garrison Asset Management LLC raised its position in Home Depot by 3.6% during the first quarter. Garrison Asset Management LLC now owns 1,366 shares of the home improvement retailer’s stock valued at $255,000 after purchasing an additional 47 shares during the period. Institutional investors own 70.78% of the company’s stock.

NYSE HD traded up $4.85 during midday trading on Friday, hitting $239.33. 16,172,476 shares of the company traded hands, compared to its average volume of 6,254,363. The company has a market cap of $251.81 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company’s 50-day simple moving average is $206.67 and its 200-day simple moving average is $219.28. Home Depot Inc has a 52 week low of $140.63 and a 52 week high of $247.36.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.17. The business had revenue of $25.78 billion for the quarter, compared to analysts’ expectations of $25.78 billion. Home Depot had a negative return on equity of 599.49% and a net margin of 10.20%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.25 EPS. As a group, research analysts anticipate that Home Depot Inc will post 9.75 EPS for the current year.

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Home Depot from $241.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. UBS Group decreased their price objective on Home Depot from $268.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Jefferies Financial Group increased their price target on Home Depot from $228.00 to $269.00 and gave the stock a “buy” rating in a report on Wednesday. Telsey Advisory Group increased their price target on Home Depot from $230.00 to $244.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus reduced their price target on Home Depot from $270.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $240.85.

In other Home Depot news, EVP William G. Lennie sold 9,848 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the sale, the executive vice president now owns 37,995 shares of the company’s stock, valued at approximately $8,903,748.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

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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