TD Asset Management Inc. boosted its stake in Home Depot Inc (NYSE:HD) by 9.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,641,359 shares of the home improvement retailer’s stock after acquiring an additional 237,898 shares during the period. Home Depot comprises approximately 0.6% of TD Asset Management Inc.’s portfolio, making the stock its 24th largest position. TD Asset Management Inc.’s holdings in Home Depot were worth $432,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobi Capital Management LLC increased its stake in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares during the period. Burt Wealth Advisors increased its stake in Home Depot by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after purchasing an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after purchasing an additional 340 shares during the period. Glassman Wealth Services increased its stake in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares during the period. Finally, AllSquare Wealth Management LLC acquired a new position in Home Depot in the third quarter valued at $178,000. 70.51% of the stock is owned by hedge funds and other institutional investors.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

A number of research analysts have commented on the stock. Deutsche Bank lifted their price objective on shares of Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Argus lifted their price objective on shares of Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Telsey Advisory Group restated an “outperform” rating and issued a $220.00 price objective (up from $190.00) on shares of Home Depot in a research note on Friday, January 19th. Jefferies Group restated a “buy” rating and issued a $223.00 price objective on shares of Home Depot in a research note on Monday. Finally, Robert W. Baird set a $175.00 price objective on shares of Home Depot and gave the company a “buy” rating in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $190.32.

Shares of Home Depot Inc (NYSE HD) opened at $181.22 on Friday. Home Depot Inc has a fifty-two week low of $137.41 and a fifty-two week high of $207.60. The stock has a market cap of $223,378.70, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.39 and a beta of 1.08. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the prior year, the firm earned $1.60 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities research analysts expect that Home Depot Inc will post 7.38 EPS for the current fiscal year.

Home Depot announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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Home Depot 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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