Victory Capital Management Inc. lifted its holdings in shares of Home Depot Inc (NYSE:HD) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,242 shares of the home improvement retailer’s stock after purchasing an additional 3,097 shares during the quarter. Victory Capital Management Inc.’s holdings in Home Depot were worth $25,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital International Investors lifted its holdings in Home Depot by 129.2% during the 3rd quarter. Capital International Investors now owns 7,080,765 shares of the home improvement retailer’s stock worth $1,466,780,000 after purchasing an additional 3,991,462 shares during the last quarter. Packer & Co Ltd raised its position in Home Depot by 441.9% during the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the home improvement retailer’s stock valued at $39,312,000 after purchasing an additional 1,011,000 shares in the last quarter. Renaissance Technologies LLC raised its position in Home Depot by 282.2% during the third quarter. Renaissance Technologies LLC now owns 1,281,506 shares of the home improvement retailer’s stock valued at $265,464,000 after purchasing an additional 946,206 shares in the last quarter. FMR LLC raised its position in Home Depot by 2.8% during the third quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock valued at $6,175,512,000 after purchasing an additional 813,882 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Home Depot by 151.6% during the third quarter. SG Americas Securities LLC now owns 147,955 shares of the home improvement retailer’s stock valued at $30,649,000 after purchasing an additional 434,426 shares in the last quarter. 69.31% of the stock is currently owned by institutional investors.

In related news, EVP Ann Marie Campbell sold 5,450 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the completion of the transaction, the executive vice president now directly owns 51,030 shares in the company, valued at approximately $9,423,710.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Edward P. Decker sold 23,744 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the transaction, the executive vice president now owns 86,813 shares of the company’s stock, valued at $15,880,702.09. The disclosure for this sale can be found here. Insiders have sold 41,194 shares of company stock valued at $7,553,141 over the last quarter. Company insiders own 0.27% of the company’s stock.

Shares of HD stock traded up $0.24 during trading hours on Thursday, hitting $189.15. 1,453,364 shares of the company’s stock traded hands, compared to its average volume of 3,887,443. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $215.43. The firm has a market capitalization of $208.54 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.62 and a beta of 1.09. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.10. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The firm had revenue of $26.38 billion during the quarter, compared to analyst estimates of $26.34 billion. During the same period last year, the business earned $2.08 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Home Depot Inc will post 10.34 earnings per share for the current fiscal year.

Home Depot announced that its board has approved a share repurchase program on Tuesday, February 26th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

HD has been the topic of several recent analyst reports. Telsey Advisory Group cut Home Depot from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $205.00 to $192.00 in a research note on Wednesday, February 27th. Zacks Investment Research lowered shares of Home Depot from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Bank of America restated a “neutral” rating and issued a $202.00 price objective on shares of Home Depot in a report on Thursday, April 11th. Credit Suisse Group set a $194.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a report on Tuesday, February 26th. Finally, Wells Fargo & Co raised their price objective on shares of Home Depot from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Home Depot currently has an average rating of “Buy” and a consensus price target of $205.29.

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Home Depot Profile

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Further Reading: Fundamental Analysis and Individual Investors

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

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