Ieq Capital LLC lifted its stake in shares of Home Depot Inc (NYSE:HD) by 120.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,473 shares of the home improvement retailer’s stock after purchasing an additional 17,761 shares during the quarter. Ieq Capital LLC’s holdings in Home Depot were worth $6,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Peterson Wealth Management bought a new stake in Home Depot during the 4th quarter worth approximately $378,000. Stewart & Patten Co. LLC grew its holdings in Home Depot by 0.5% during the 4th quarter. Stewart & Patten Co. LLC now owns 101,665 shares of the home improvement retailer’s stock worth $22,202,000 after acquiring an additional 513 shares during the last quarter. Good Life Advisors LLC grew its holdings in Home Depot by 5.6% during the 4th quarter. Good Life Advisors LLC now owns 6,518 shares of the home improvement retailer’s stock worth $1,422,000 after acquiring an additional 344 shares during the last quarter. Roof Eidam & Maycock ADV grew its holdings in Home Depot by 2.6% during the 4th quarter. Roof Eidam & Maycock ADV now owns 5,374 shares of the home improvement retailer’s stock worth $1,174,000 after acquiring an additional 136 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in Home Depot during the 4th quarter worth approximately $203,000. 70.78% of the stock is currently owned by institutional investors.

HD traded up $4.85 during 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 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. The stock’s fifty day moving average is $206.67 and its 200 day moving average is $219.28. Home Depot Inc has a one year low of $140.63 and a one year high of $247.36.

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

A number of research firms have weighed in on HD. Robert W. Baird reissued a “buy” rating and set a $260.00 target price (up from $245.00) on shares of Home Depot in a report on Tuesday, February 25th. Wells Fargo & Co upped their price objective on shares of Home Depot from $215.00 to $260.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating and set a $231.00 price objective on the stock in a research note on Thursday, April 30th. Telsey Advisory Group upped their price objective on shares of Home Depot from $230.00 to $244.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group upped their price objective on shares of Home Depot from $228.00 to $269.00 and gave the company a “buy” rating in a research note on Wednesday. One 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’s stock. Home Depot currently has an average rating of “Buy” and an average price target of $240.85.

In related news, EVP William G. Lennie sold 9,848 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 37,995 shares in the company, valued at $8,903,748.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

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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