Cadence Capital Management LLC cut its stake in shares of Home Depot Inc (NYSE:HD) by 26.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,301 shares of the home improvement retailer’s stock after selling 26,175 shares during the quarter. Cadence Capital Management LLC’s holdings in Home Depot were worth $11,989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Home Depot by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after acquiring an additional 703,292 shares in the last quarter. Capital Research Global Investors raised its position in Home Depot by 0.9% in the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after acquiring an additional 170,139 shares in the last quarter. Northern Trust Corp raised its position in Home Depot by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after acquiring an additional 222,958 shares in the last quarter. Alliancebernstein L.P. raised its position in Home Depot by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after acquiring an additional 84,750 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Home Depot by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after acquiring an additional 761,586 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Home Depot Inc (HD) opened at $184.06 on Tuesday. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. The company has a market capitalization of $214,940.00, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.34 and a beta of 1.08. Home Depot Inc has a 52 week low of $139.05 and a 52 week high of $207.60.

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

Home Depot announced that its Board of Directors has initiated a share repurchase program 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 purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

In related news, EVP Matt Carey sold 41,396 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

Several research firms have issued reports on HD. Telsey Advisory Group increased their price objective on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Robert W. Baird reiterated an “outperform” rating and issued a $195.00 price objective on shares of Home Depot in a research report on Thursday, November 30th. SunTrust Banks increased their price objective on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Credit Suisse Group increased their price objective on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Bank of America increased their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Home Depot has a consensus rating of “Buy” and a consensus price target of $190.32.

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About Home Depot

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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