Bellevue Asset Management LLC boosted its holdings in Home Depot Inc (NYSE:HD) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,613 shares of the home improvement retailer’s stock after purchasing an additional 100 shares during the period. Bellevue Asset Management LLC’s holdings in Home Depot were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Your Advocates Ltd. LLP purchased a new stake in shares of Home Depot during the first quarter worth about $27,000. Lion Street Advisors LLC bought a new position in shares of Home Depot during the first quarter valued at approximately $28,000. Evolution Wealth Advisors LLC increased its position in shares of Home Depot by 85.9% during the fourth quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 73 shares in the last quarter. Cordasco Financial Network increased its position in shares of Home Depot by 120.5% during the first quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock valued at $46,000 after acquiring an additional 135 shares in the last quarter. Finally, Danda Trouve Investment Management Inc. increased its position in shares of Home Depot by 960.0% during the first quarter. Danda Trouve Investment Management Inc. now owns 265 shares of the home improvement retailer’s stock valued at $49,000 after acquiring an additional 240 shares in the last quarter. 69.85% of the stock is owned by institutional investors and hedge funds.

In related news, EVP William G. Lennie sold 17,993 shares of Home Depot stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total value of $4,246,707.86. Following the sale, the executive vice president now owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

HD has been the subject of a number of analyst reports. CSFB upped their price target on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Telsey Advisory Group upped their price target on Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 20th. Royal Bank of Canada upped their price target on Home Depot from $261.00 to $266.00 in a research report on Wednesday, May 20th. JPMorgan Chase & Co. increased their target price on Home Depot from $241.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Nomura Instinet increased their target price on Home Depot from $240.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average price target of $252.03.

Shares of HD stock traded up $5.95 during mid-day trading on Friday, hitting $254.90. 5,052,335 shares of the stock traded hands, compared to its average volume of 6,148,351. The stock has a market cap of $269.96 billion, a P/E ratio of 24.75, a P/E/G ratio of 2.31 and a beta of 1.06. The stock’s fifty day moving average is $228.16 and its two-hundred day moving average is $220.24. Home Depot Inc has a 52-week low of $140.63 and a 52-week high of $255.85.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). The company had revenue of $28.26 billion during the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. As a group, sell-side analysts expect that Home Depot Inc will post 9.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.35%. Home Depot’s payout ratio is 58.54%.

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

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

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