Xact Kapitalforvaltning AB boosted its position in shares of Home Depot Inc (NYSE:HD) by 4.4% in the first quarter, HoldingsChannel reports. The firm owned 231,352 shares of the home improvement retailer’s stock after acquiring an additional 9,773 shares during the period. Home Depot makes up about 0.9% of Xact Kapitalforvaltning AB’s investment portfolio, making the stock its 15th largest position. Xact Kapitalforvaltning AB’s holdings in Home Depot were worth $41,236,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HD. Lucia Wealth Services LLC acquired a new position in shares of Home Depot during the 1st quarter worth about $101,000. Ford Financial Group Inc. acquired a new position in shares of Home Depot during the 4th quarter worth about $108,000. Earnest Partners LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $108,000. Institutional & Family Asset Management LLC acquired a new position in shares of Home Depot during the 1st quarter worth about $108,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Home Depot during the 4th quarter worth about $112,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Shares of NYSE:HD opened at $195.39 on Friday. Home Depot Inc has a 52-week low of $146.89 and a 52-week high of $207.60. The stock has a market capitalization of $226.44 billion, a P/E ratio of 26.19, a PEG ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The firm had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. sell-side analysts expect that Home Depot Inc will post 9.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.11%. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.

A number of equities analysts have recently commented on the stock. Loop Capital set a $187.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a research note on Tuesday, May 15th. Piper Jaffray Companies restated a “hold” rating and set a $203.00 price objective on shares of Home Depot in a research note on Thursday. Deutsche Bank set a $210.00 price objective on shares of Home Depot and gave the stock a “buy” rating in a research note on Tuesday, May 15th. Credit Suisse Group set a $222.00 price objective on shares of Home Depot and gave the stock a “buy” rating in a research note on Monday, May 14th. Finally, Wells Fargo & Co set a $205.00 price objective on shares of Home Depot and gave the stock a “buy” rating in a research note on Tuesday, May 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Home Depot currently has an average rating of “Buy” and a consensus target price of $203.35.

In related news, Director Stephanie Linnartz acquired 1,000 shares of the business’s stock in a transaction on Friday, June 1st. The stock was purchased at an average cost of $187.57 per share, for a total transaction of $187,570.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Read More: Book Value Per Share – BVPS

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.