Nicholas Investment Partners LP Takes Position in Home Depot, Inc. (The) (HD)

Nicholas Investment Partners LP bought a new stake in Home Depot, Inc. (The) (NYSE:HD) during the first quarter, according to its most recent filing with the SEC. The fund bought 1,906 shares of the home improvement retailer’s stock, valued at approximately $280,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advantage Investment Management LLC purchased a new stake in Home Depot, Inc. (The) during the fourth quarter valued at approximately $103,000. Riggs Asset Managment Co. Inc. boosted its stake in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC boosted its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Home Depot, Inc. (The) during the fourth quarter valued at approximately $131,000. Finally, University of Texas Investment Managment Co. purchased a new stake in Home Depot, Inc. (The) during the first quarter valued at approximately $132,000. 71.52% of the stock is owned by hedge funds and other institutional investors.

Home Depot, Inc. (NYSE:HD) traded down 0.50% on Thursday, reaching $154.48. 907,976 shares of the company’s stock were exchanged. The firm has a market capitalization of $184.69 billion, a price-to-earnings ratio of 23.12 and a beta of 1.08. The firm has a 50-day moving average of $151.43 and a 200-day moving average of $149.46. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. The business had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.44 EPS. On average, equities analysts expect that Home Depot, Inc. will post $7.24 earnings per share for the current year.

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Several research firms have commented on HD. Stifel Nicolaus reaffirmed a “buy” rating and issued a $178.00 target price (up from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Vetr raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 target price for the company in a research note on Tuesday, May 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $152.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $164.72.

In related news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the completion of the sale, the executive vice president now owns 46,294 shares in the company, valued at approximately $7,197,328.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wayne M. Hewett bought 350 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $157.11 per share, with a total value of $54,988.50. Following the transaction, the director now directly owns 1,400 shares in the company, valued at $219,954. The disclosure for this purchase can be found here. Insiders have sold a total of 128,900 shares of company stock valued at $20,167,386 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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