Tokio Marine Asset Management Co. Ltd. Raises Position in The Home Depot, Inc. (NYSE:HD)

Tokio Marine Asset Management Co. Ltd. increased its stake in The Home Depot, Inc. (NYSE:HD) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,340 shares of the home improvement retailer’s stock after acquiring an additional 1,970 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Home Depot were worth $11,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abacus Wealth Partners LLC boosted its position in shares of Home Depot by 3.7% during the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock valued at $285,000 after purchasing an additional 25 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its position in Home Depot by 0.7% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock worth $1,469,000 after buying an additional 25 shares in the last quarter. Ruedi Wealth Management Inc. increased its stake in shares of Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after acquiring an additional 27 shares during the last quarter. Acorn Creek Capital LLC grew its position in Home Depot by 3.4% in the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after acquiring an additional 28 shares in the last quarter. Finally, Consolidated Portfolio Review Corp raised its position in shares of Home Depot by 1.9% in the third quarter. Consolidated Portfolio Review Corp now owns 1,524 shares of the home improvement retailer’s stock valued at $617,000 after purchasing an additional 28 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Oppenheimer lifted their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. DA Davidson upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Down 0.9 %

Home Depot stock traded down $3.80 during midday trading on Thursday, reaching $406.39. The stock had a trading volume of 195,060 shares, compared to its average volume of 3,367,940. The company has a market capitalization of $403.66 billion, a P/E ratio of 27.88, a PEG ratio of 2.79 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The company has a fifty day moving average price of $397.67 and a two-hundred day moving average price of $365.56. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $3.81 earnings per share. As a group, equities analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

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.