Financial Architects Inc grew its position in Home Depot Inc (NYSE:HD) by 36.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,515 shares of the home improvement retailer’s stock after acquiring an additional 1,201 shares during the period. Financial Architects Inc’s holdings in Home Depot were worth $843,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. IndexIQ Advisors LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $83,000. Aviance Capital Partners LLC raised its position in Home Depot by 3.0% during the fourth quarter. Aviance Capital Partners LLC now owns 3,996 shares of the home improvement retailer’s stock worth $873,000 after acquiring an additional 118 shares during the last quarter. Solstein Capital LLC acquired a new position in Home Depot during the fourth quarter worth about $140,000. Pettee Investors Inc. raised its position in Home Depot by 2.8% during the fourth quarter. Pettee Investors Inc. now owns 10,927 shares of the home improvement retailer’s stock worth $2,386,000 after acquiring an additional 300 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Home Depot during the first quarter worth about $153,000. 70.78% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on HD shares. Credit Suisse Group lowered their price target on shares of Home Depot from $255.00 to $215.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Loop Capital upgraded shares of 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. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $241.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Cfra upgraded shares of Home Depot from a “hold” rating to a “strong-buy” rating and set a $255.00 price target for the company in a report on Wednesday, March 11th. Finally, UBS Group lowered their price target on shares of Home Depot from $268.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Home Depot presently has a consensus rating of “Buy” and an average price target of $240.85.

HD traded up $4.85 during trading on Friday, hitting $239.33. 16,172,476 shares of the company’s stock were exchanged, compared to its average volume of 6,254,363. Home Depot Inc has a 1 year low of $140.63 and a 1 year high of $247.36. The stock has a 50 day moving average price of $206.67 and a 200 day moving average price of $219.28. The firm has a market cap of $251.81 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.17. Home Depot had a net margin of 10.20% and a negative return on equity of 599.49%. The company had revenue of $25.78 billion during the quarter, compared to the consensus estimate of $25.78 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. Home Depot’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts forecast that Home Depot Inc will post 9.75 earnings per share for the current year.

In other news, EVP William G. Lennie sold 9,848 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the transaction, the executive vice president now directly owns 37,995 shares of the company’s stock, valued at $8,903,748.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by 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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