Nicholas Investment Partners LP acquired a new stake in Home Depot, Inc. (The) (NYSE:HD) during the first quarter, Holdings Channel reports. The firm acquired 1,906 shares of the home improvement retailer’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Advantage Investment Management LLC purchased a new position in Home Depot, Inc. (The) during the fourth quarter valued at $103,000. Riggs Asset Managment Co. Inc. raised its position 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 raised its position 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 position in Home Depot, Inc. (The) during the fourth quarter valued at $131,000. Finally, University of Texas Investment Managment Co. purchased a new position in Home Depot, Inc. (The) during the first quarter valued at $132,000. 71.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Home Depot, Inc. (HD) traded down 0.50% during trading on Thursday, reaching $154.48. 907,976 shares of the company were exchanged. The company has a market capitalization of $184.69 billion, a PE ratio of 23.12 and a beta of 1.08. 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 $151.43 and its 200 day moving average price is $149.46.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. The business had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. Home Depot, Inc. (The)’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 EPS. Equities research analysts forecast that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

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HD has been the topic of several recent analyst reports. Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. BMO Capital Markets set a $176.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Stifel Nicolaus reissued a “buy” rating and set a $178.00 price objective (up previously from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Royal Bank Of Canada set a $166.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, May 15th. Finally, BTIG Research lifted their price objective on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the stock. The company presently 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 on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the sale, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wayne M. Hewett purchased 350 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $157.11 per share, with a total value of $54,988.50. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $219,954. The disclosure for this purchase can be found here. Insiders sold a total of 128,900 shares of company stock valued at $20,167,386 over the last three months. 0.26% of the stock is currently owned by 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.

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

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