Nippon Life Global Investors Americas Inc. raised its position in Home Depot, Inc. (The) (NYSE:HD) by 6.6% during the first quarter, Holdings Channel reports. The fund owned 99,979 shares of the home improvement retailer’s stock after buying an additional 6,200 shares during the period. Home Depot, Inc. (The) comprises 1.3% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 22nd largest position. Nippon Life Global Investors Americas Inc.’s holdings in Home Depot, Inc. (The) were worth $14,681,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in HD. Norges Bank purchased a new position in Home Depot, Inc. (The) during the fourth quarter worth about $1,502,692,000. Fisher Asset Management LLC increased its position 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 worth $1,270,050,000 after buying an additional 108,242 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Home Depot, Inc. (The) by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after buying an additional 1,734,963 shares during the last quarter. Jennison Associates LLC increased its position 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 worth $778,878,000 after buying an additional 556,596 shares during the last quarter. Finally, Pioneer Investment Management Inc. increased its position in Home Depot, Inc. (The) by 6.6% in the first quarter. Pioneer Investment Management Inc. now owns 4,893,585 shares of the home improvement retailer’s stock worth $718,525,000 after buying an additional 301,905 shares during the last quarter. Institutional investors and hedge funds own 71.52% of the company’s stock.

Shares of Home Depot, Inc. (NYSE:HD) traded up 0.65% on Friday, hitting $154.88. The stock had a trading volume of 3,650,541 shares. The firm’s 50-day moving average price is $151.33 and its 200 day moving average price is $149.61. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The firm has a market cap of $185.17 billion, a PE ratio of 23.18 and a beta of 1.08.

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, beating analysts’ consensus estimates of $1.61 by $0.06. The firm 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 business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 EPS. On average, equities research analysts predict that Home Depot, Inc. will post $7.25 EPS for the current year.

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A number of equities analysts have recently issued reports on HD shares. BTIG Research increased their price target on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.56 price target on the stock in a research report on Tuesday, June 6th. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Wednesday, July 12th. Jefferies Group LLC increased their price target on Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Finally, Credit Suisse Group set a $163.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $164.72.

In other news, Director Wayne M. Hewett bought 350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William G. Lennie sold 31,239 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were 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 $7,197,328.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,900 shares of company stock valued at $20,167,386. Insiders own 0.26% of the company’s stock.

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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