Westpac Banking Corp lowered its stake in Home Depot, Inc. (The) (NYSE:HD) by 28.3% during the first quarter, Holdings Channel reports. The fund owned 134,229 shares of the home improvement retailer’s stock after selling 53,015 shares during the period. Westpac Banking Corp’s holdings in Home Depot, Inc. (The) were worth $18,361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. L & S Advisors Inc bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $3,583,000. Baystate Wealth Management LLC increased its position in shares of Home Depot, Inc. (The) by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock valued at $441,000 after buying an additional 1,831 shares during the last quarter. Paragon Wealth Strategies LLC increased its position in shares of Home Depot, Inc. (The) by 18.7% in the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock valued at $267,000 after buying an additional 286 shares during the last quarter. Shepherd Financial Partners LLC bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $1,569,000. Finally, Norges Bank bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $1,502,692,000. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Home Depot, Inc. (NYSE:HD) opened at 153.35 on Tuesday. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86. The firm’s 50-day moving average price is $152.13 and its 200-day moving average price is $148.91. The company has a market capitalization of $183.34 billion, a price-to-earnings ratio of 22.95 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. During the same period last year, the business posted $1.44 earnings per share. Home Depot, Inc. (The)’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that Home Depot, Inc. will post $7.24 earnings per share for the current year.

WARNING: “Westpac Banking Corp Sells 53,015 Shares of Home Depot, Inc. (The) (HD)” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/08/westpac-banking-corp-sells-53015-shares-of-home-depot-inc-the-hd.html.

Several research analysts have commented on HD shares. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $153.35 target price on the stock in a report on Monday, April 10th. BTIG Research lifted their target price on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a report on Wednesday, July 12th. Jefferies Group LLC lifted their target price on Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Finally, Credit Suisse Group set a $163.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $164.48.

In other Home Depot, Inc. (The) news, 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 transaction of $14,214,738.19. Following the completion of the transaction, the chief executive officer now owns 240,090 shares of the company’s stock, valued at $37,643,711.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William G. Lennie sold 31,239 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock valued at $20,167,386 in the last ninety days. 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.

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.