Asset Management One Co. Ltd. Has $189.81 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Asset Management One Co. Ltd. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 517,905 shares of the home improvement retailer's stock after purchasing an additional 29,962 shares during the period. Home Depot comprises 0.7% of Asset Management One Co. Ltd.'s portfolio, making the stock its 27th biggest holding. Asset Management One Co. Ltd. owned about 0.05% of Home Depot worth $189,807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Narwhal Capital Management increased its holdings in shares of Home Depot by 6.9% during the first quarter. Narwhal Capital Management now owns 59,364 shares of the home improvement retailer's stock worth $21,756,000 after buying an additional 3,813 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC increased its holdings in shares of Home Depot by 3.1% during the first quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 3,005 shares of the home improvement retailer's stock worth $1,101,000 after buying an additional 90 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its holdings in shares of Home Depot by 6.4% during the first quarter. Walkner Condon Financial Advisors LLC now owns 1,598 shares of the home improvement retailer's stock worth $586,000 after buying an additional 96 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Home Depot by 3.8% during the first quarter. Oppenheimer & Co. Inc. now owns 130,967 shares of the home improvement retailer's stock worth $47,998,000 after buying an additional 4,757 shares in the last quarter. Finally, Park Capital Management LLC WI increased its holdings in shares of Home Depot by 4.0% during the first quarter. Park Capital Management LLC WI now owns 2,882 shares of the home improvement retailer's stock worth $1,056,000 after buying an additional 112 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 1.0%

HD traded up $3.57 during trading on Tuesday, hitting $360.53. The company had a trading volume of 4,088,327 shares, compared to its average volume of 3,425,239. The firm's 50-day moving average price is $362.79 and its 200 day moving average price is $378.77. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a market capitalization of $358.70 billion, a PE ratio of 24.46, a PEG ratio of 3.39 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same period last year, the firm earned $3.63 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.55%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. TD Securities lowered shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Wedbush reissued an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Mizuho lowered their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their price target on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.