Barrett Asset Management LLC boosted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 4.5% during the first quarter, Holdings Channel reports. The institutional investor owned 64,891 shares of the home improvement retailer’s stock after buying an additional 2,824 shares during the period. Barrett Asset Management LLC’s holdings in Home Depot, Inc. (The) were worth $9,528,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $1,502,692,000. Asset Management One Co. Ltd. boosted its stake in shares of Home Depot, Inc. (The) by 912.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,216,934 shares of the home improvement retailer’s stock worth $297,415,000 after buying an additional 1,997,868 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $139,356,000. Westwood Holdings Group Inc. boosted its stake in shares of Home Depot, Inc. (The) by 96.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,720,516 shares of the home improvement retailer’s stock worth $230,687,000 after buying an additional 842,499 shares in the last quarter. Finally, Congress Asset Management Co. MA purchased a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $67,225,000. Institutional investors and hedge funds own 71.63% of the company’s stock.

Shares of Home Depot, Inc. (NYSE:HD) opened at 153.89 on Tuesday. The stock has a market cap of $183.98 billion, a price-to-earnings ratio of 23.03 and a beta of 1.09. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The firm has a 50-day moving average price of $155.07 and a 200 day moving average price of $146.38.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 158.80% and a net margin of 8.53%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. On average, analysts forecast that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Barrett Asset Management LLC Has $9.53 Million Position in Home Depot, Inc. (The) (NYSE:HD)” was posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/07/18/barrett-asset-management-llc-has-9-53-million-position-in-home-depot-inc-the-nysehd.html.

A number of research analysts have weighed in on HD shares. Vetr lowered Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price for the company. in a report on Monday, June 19th. Barclays PLC reaffirmed an “overweight” rating and set a $165.00 target price (up previously from $150.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $176.00 target price on shares of Home Depot, Inc. (The) in a report on Friday, June 16th. Citigroup Inc. reaffirmed a “buy” rating and set a $179.00 target price (up previously from $168.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, BTIG Research lifted their target price on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Home Depot, Inc. (The) has an average rating of “Buy” and a consensus target price of $164.67.

In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the completion of the transaction, the executive vice president now owns 46,294 shares in the company, valued at approximately $7,197,328.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig A. Menear sold 90,661 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Following the transaction, the chief executive officer now owns 240,090 shares of the company’s stock, valued at approximately $37,643,711.10. The disclosure for this sale can be found here. Insiders have sold a total of 128,900 shares of company stock valued at $20,167,386 in the last 90 days. 0.26% of the stock is currently owned by company insiders.

About Home Depot, Inc. (The)

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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot, Inc. (The) (NYSE:HD).

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

Receive News & Ratings for Home Depot Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.