Home Depot, Inc. (The) (HD) Holdings Raised by AQR Capital Management LLC

AQR Capital Management LLC raised its position in Home Depot, Inc. (The) (NYSE:HD) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,679,483 shares of the home improvement retailer’s stock after acquiring an additional 65,400 shares during the period. AQR Capital Management LLC owned approximately 0.14% of Home Depot, Inc. (The) worth $246,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HD. Boston Partners acquired a new stake in Home Depot, Inc. (The) in the first quarter valued at approximately $326,895,000. Schwab Charles Investment Management Inc. boosted its stake in Home Depot, Inc. (The) by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after acquiring an additional 1,734,963 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Home Depot, Inc. (The) in the first quarter valued at approximately $99,739,000. Jennison Associates LLC boosted its stake in Home Depot, Inc. (The) by 11.7% in the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after acquiring an additional 556,596 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Home Depot, Inc. (The) by 721.7% in the first quarter. Canada Pension Plan Investment Board now owns 608,454 shares of the home improvement retailer’s stock valued at $89,339,000 after acquiring an additional 534,406 shares in the last quarter. Institutional investors own 71.45% of the company’s stock.

Home Depot, Inc. (HD) traded up 1.10% on Friday, reaching $159.66. 10,088,630 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $150.97 and a 200-day moving average price of $151.33. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The company has a market capitalization of $188.21 billion, a P/E ratio of 22.98 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion during 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%. Home Depot, Inc. (The)’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.97 EPS. Equities research analysts expect that Home Depot, Inc. will post $7.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.89 per share. The ex-dividend date is Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a yield of 2.23%. Home Depot, Inc. (The)’s payout ratio is currently 51.15%.

In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the transaction, the executive vice president now owns 33,147 shares in the company, valued at approximately $4,984,977.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,717 shares of company stock valued at $8,916,321. 0.26% of the stock is owned by insiders.

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Several equities research analysts have weighed in on HD shares. Zacks Investment Research downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Vetr upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.56 target price for the company in a research note on Tuesday, June 6th. Bank of America Corporation reaffirmed a “buy” rating and issued a $170.00 price target on shares of Home Depot, Inc. (The) in a report on Tuesday, September 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $173.00 price target (up previously from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Home Depot, Inc. (The) currently has a consensus rating of “Buy” and an average price target of $169.40.

Home Depot, Inc. (The) Company Profile

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.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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