Tocqueville Asset Management L.P. lowered its position in Home Depot, Inc. (The) (NYSE:HD) by 0.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,531,852 shares of the home improvement retailer’s stock after selling 5,981 shares during the period. Home Depot, Inc. (The) makes up 2.7% of Tocqueville Asset Management L.P.’s portfolio, making the stock its largest position. Tocqueville Asset Management L.P. owned 0.13% of Home Depot, Inc. (The) worth $224,922,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Home Depot, Inc. (The) during the fourth quarter valued at approximately $1,502,692,000. Fisher Asset Management LLC raised its stake in Home Depot, Inc. (The) by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock valued at $1,270,050,000 after buying an additional 108,242 shares during the period. Jennison Associates LLC raised its stake in Home Depot, Inc. (The) by 11.7% in the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after buying an additional 556,596 shares during the period. Bank of Montreal Can raised its stake in Home Depot, Inc. (The) by 6.1% in the first quarter. Bank of Montreal Can now owns 3,086,386 shares of the home improvement retailer’s stock valued at $453,175,000 after buying an additional 178,101 shares during the period. Finally, Teachers Advisors LLC raised its stake in Home Depot, Inc. (The) by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 2,792,966 shares of the home improvement retailer’s stock valued at $374,481,000 after buying an additional 53,264 shares during the period. 71.52% of the stock is currently owned by institutional investors.
Shares of Home Depot, Inc. (NYSE HD) traded up 0.39% on Monday, hitting $153.35. 3,833,620 shares of the stock traded hands. The stock has a market cap of $183.34 billion, a P/E ratio of 22.95 and a beta of 1.08. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The stock’s 50 day moving average price is $152.13 and its 200 day moving average price is $148.91.
Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period last year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts expect that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
Several equities research analysts have commented on the stock. Vetr lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price objective for the company. in a research note on Monday, June 19th. BMO Capital Markets set a $176.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and set a $178.00 price target (up previously from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Telsey Advisory Group restated an “outperform” rating and set a $175.00 price target (up previously from $154.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, Robert W. Baird set a $175.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $164.48.
In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 7,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total value of $1,095,920.00. Following the completion of the sale, the executive vice president now owns 54,091 shares of the company’s stock, valued at $8,468,486.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Wayne M. Hewett bought 350 shares of Home Depot, Inc. (The) stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $157.11 per share, with a total value of $54,988.50. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $219,954. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 128,900 shares of company stock valued at $20,167,386. Corporate insiders own 0.26% of the company’s stock.
Home Depot, Inc. (The) Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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