Investment Management of Virginia LLC reduced its position in Home Depot, Inc. (The) (NYSE:HD) by 4.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,727 shares of the home improvement retailer’s stock after selling 500 shares during the period. Investment Management of Virginia LLC’s holdings in Home Depot, Inc. (The) were worth $1,428,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Home Depot, Inc. (The) by 18.2% in the first quarter. First Trust Advisors LP now owns 295,246 shares of the home improvement retailer’s stock worth $43,351,000 after buying an additional 45,364 shares during the last quarter. Elkhorn Investments LLC bought a new position in shares of Home Depot, Inc. (The) during the first quarter worth $1,191,000. Rhumbline Advisers raised its position in shares of Home Depot, Inc. (The) by 0.9% in the first quarter. Rhumbline Advisers now owns 2,095,643 shares of the home improvement retailer’s stock worth $307,703,000 after buying an additional 19,219 shares during the last quarter. Cypress Capital Management LLC raised its position in shares of Home Depot, Inc. (The) by 0.7% in the first quarter. Cypress Capital Management LLC now owns 56,431 shares of the home improvement retailer’s stock worth $8,286,000 after buying an additional 381 shares during the last quarter. Finally, Eagle Ridge Investment Management raised its position in shares of Home Depot, Inc. (The) by 3.3% in the first quarter. Eagle Ridge Investment Management now owns 68,346 shares of the home improvement retailer’s stock worth $10,035,000 after buying an additional 2,176 shares during the last quarter. 71.27% of the stock is owned by hedge funds and other institutional investors.

Home Depot, Inc. (NYSE HD) traded up 0.94% on Friday, reaching $149.65. 3,047,971 shares of the company’s stock traded hands. The company’s 50 day moving average is $150.67 and its 200-day moving average is $150.48. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The stock has a market cap of $176.41 billion, a price-to-earnings ratio of 21.54 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. The company had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 earnings per share. Equities analysts expect that Home Depot, Inc. will post $7.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is 51.15%.

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A number of brokerages recently weighed in on HD. Vetr raised shares of Home Depot, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $166.59 target price for the company in a research note on Monday. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research report on Thursday. BidaskClub cut shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday. UBS AG reissued a “buy” rating and set a $175.00 price target on shares of Home Depot, Inc. (The) in a research report on Friday, August 18th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $178.00 price target on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $169.77.

In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the sale, the executive vice president now owns 33,147 shares in the company, valued at approximately $4,984,977.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now owns 64,810 shares in the company, valued at approximately $9,877,044. The disclosure for this sale can be found here. Company 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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