Checchi Capital Advisers LLC decreased its holdings in Home Depot Inc (NYSE:HD) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,211 shares of the home improvement retailer’s stock after selling 398 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Home Depot were worth $2,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HD. Game Plan Financial Advisors LLC grew its holdings in shares of Home Depot by 2.5% during the 1st quarter. Game Plan Financial Advisors LLC now owns 5,525 shares of the home improvement retailer’s stock worth $1,036,000 after purchasing an additional 135 shares during the period. Buckingham Asset Management LLC grew its holdings in shares of Home Depot by 43.0% during the 1st quarter. Buckingham Asset Management LLC now owns 19,735 shares of the home improvement retailer’s stock worth $3,685,000 after purchasing an additional 5,934 shares during the period. Budros Ruhlin & Roe Inc. grew its holdings in shares of Home Depot by 20.6% during the 1st quarter. Budros Ruhlin & Roe Inc. now owns 6,718 shares of the home improvement retailer’s stock worth $1,254,000 after purchasing an additional 1,147 shares during the period. Wafra Inc. grew its holdings in shares of Home Depot by 4.1% during the 1st quarter. Wafra Inc. now owns 143,650 shares of the home improvement retailer’s stock worth $26,821,000 after purchasing an additional 5,675 shares during the period. Finally, Veracity Capital LLC grew its holdings in shares of Home Depot by 2.0% during the 1st quarter. Veracity Capital LLC now owns 4,987 shares of the home improvement retailer’s stock worth $931,000 after purchasing an additional 99 shares during the period. Institutional investors own 70.78% of the company’s stock.

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 value of $2,307,780.32. Following the sale, the executive vice president now directly owns 37,995 shares of the company’s stock, valued at $8,903,748.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

HD stock opened at $239.33 on Friday. The firm has a market cap of $251.81 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.15 and a beta of 1.03. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $247.36. The stock’s 50 day simple moving average is $206.67 and its 200 day simple moving average is $219.28.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $2.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.11 by $0.17. The business had revenue of $25.78 billion for the quarter, compared to analyst estimates 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 was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.25 EPS. On average, equities research analysts forecast that Home Depot Inc will post 9.75 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the company. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and set a $235.00 price target for the company in a report on Friday, March 27th. Stifel Nicolaus decreased their price target on Home Depot from $270.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Robert W. Baird restated a “buy” rating and issued a $260.00 price target (up previously from $245.00) on shares of Home Depot in a report on Tuesday, February 25th. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating and set a $231.00 price target for the company in a report on Thursday, April 30th. Finally, Nomura Securities upped their price target on Home Depot from $204.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $240.85.

About Home Depot

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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