Home Depot, Inc. (The) (HD) Shares Bought by Jennison Associates LLC

Jennison Associates LLC grew its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,068,468 shares of the home improvement retailer’s stock after acquiring an additional 761,586 shares during the quarter. Home Depot, Inc. (The) comprises about 1.0% of Jennison Associates LLC’s holdings, making the stock its 29th largest position. Jennison Associates LLC owned 0.51% of Home Depot, Inc. (The) worth $930,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Beacon Advisors Inc. acquired a new stake in Home Depot, Inc. (The) during the 1st quarter worth approximately $100,000. Riggs Asset Managment Co. Inc. increased its position in Home Depot, Inc. (The) by 114.1% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after purchasing an additional 397 shares in the last quarter. St. Johns Investment Management Company LLC increased its position in Home Depot, Inc. (The) by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares in the last quarter. Mascoma Wealth Management LLC increased its position in Home Depot, Inc. (The) by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares in the last quarter. Finally, Peoples Financial Services CORP. increased its position in Home Depot, Inc. (The) by 12.2% during the 2nd quarter. Peoples Financial Services CORP. now owns 1,150 shares of the home improvement retailer’s stock worth $176,000 after purchasing an additional 125 shares in the last quarter. 71.36% of the stock is owned by institutional investors.

In related news, EVP Matt Carey sold 32,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the transaction, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on HD shares. Bank of America Corporation reissued a “buy” rating and set a $170.00 target price on shares of Home Depot, Inc. (The) in a research report on Tuesday, September 5th. Vetr upgraded Home Depot, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $166.59 price target for the company in a report on Monday, August 28th. Zacks Investment Research cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Credit Suisse Group set a $171.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, BidaskClub cut Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $173.18.

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Home Depot, Inc. (NYSE HD) opened at $165.35 on Tuesday. The stock has a market capitalization of $193,455.83, a PE ratio of 23.58, a P/E/G ratio of 1.65 and a beta of 1.08. Home Depot, Inc. has a fifty-two week low of $122.92 and a fifty-two week high of $167.94. The company has a current ratio of 1.30, a quick ratio of 0.48 and a debt-to-equity ratio of 6.87.

Home Depot, Inc. (The) (NYSE:HD) last released its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. Home Depot, Inc. (The)’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.97 earnings per share. analysts anticipate that Home Depot, Inc. will post 7.32 EPS for the current year.

About Home Depot, Inc. (The)

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, Inc. (The) (NYSE:HD)

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