The Home Depot, Inc. (NYSE:HD) Stock Position Lowered by Factorial Partners LLC

Factorial Partners LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,800 shares of the home improvement retailer’s stock after selling 500 shares during the quarter. The Home Depot comprises about 2.8% of Factorial Partners LLC’s holdings, making the stock its 5th largest position. Factorial Partners LLC’s holdings in The Home Depot were worth $4,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HD. Providence Capital Advisors LLC increased its holdings in The Home Depot by 2.2% in the 2nd quarter. Providence Capital Advisors LLC now owns 15,783 shares of the home improvement retailer’s stock valued at $5,033,000 after purchasing an additional 343 shares during the last quarter. Clark Capital Management Group Inc. increased its holdings in The Home Depot by 3.3% in the 2nd quarter. Clark Capital Management Group Inc. now owns 99,872 shares of the home improvement retailer’s stock valued at $31,848,000 after purchasing an additional 3,213 shares during the last quarter. LaFleur & Godfrey LLC increased its holdings in The Home Depot by 490.0% in the 2nd quarter. LaFleur & Godfrey LLC now owns 13,812 shares of the home improvement retailer’s stock valued at $4,405,000 after purchasing an additional 11,471 shares during the last quarter. GW Henssler & Associates Ltd. increased its holdings in The Home Depot by 4.7% in the 2nd quarter. GW Henssler & Associates Ltd. now owns 25,494 shares of the home improvement retailer’s stock valued at $8,130,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Frisch Financial Group Inc. increased its holdings in The Home Depot by 11.3% in the 1st quarter. Frisch Financial Group Inc. now owns 7,347 shares of the home improvement retailer’s stock valued at $2,243,000 after purchasing an additional 748 shares during the last quarter. 68.97% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the stock. Credit Suisse Group lifted their target price on shares of The Home Depot from $319.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, May 25th. Morgan Stanley boosted their price target on shares of The Home Depot from $340.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, May 24th. DA Davidson restated a “neutral” rating on shares of The Home Depot in a research note on Wednesday, August 18th. Zacks Investment Research downgraded shares of The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 price target for the company. in a research note on Tuesday, July 20th. Finally, Raymond James boosted their price target on shares of The Home Depot from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, August 16th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, The Home Depot presently has an average rating of “Buy” and an average price target of $339.52.

In other news, EVP Teresa Wynn Roseborough sold 5,000 shares of the company’s stock in a transaction dated Monday, August 23rd. The shares were sold at an average price of $328.65, for a total value of $1,643,250.00. Following the completion of the sale, the executive vice president now directly owns 19,760 shares of the company’s stock, valued at $6,494,124. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Craig A. Menear sold 68,468 shares of the company’s stock in a transaction dated Friday, August 20th. The shares were sold at an average price of $325.46, for a total transaction of $22,283,595.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,622 shares of company stock valued at $24,302,611. 0.18% of the stock is owned by corporate insiders.

HD traded up $0.78 on Friday, reaching $337.17. The company had a trading volume of 214,949 shares, compared to its average volume of 3,956,381. The Home Depot, Inc. has a 1 year low of $246.59 and a 1 year high of $345.69. The stock has a market capitalization of $355.84 billion, a PE ratio of 23.70, a P/E/G ratio of 2.00 and a beta of 1.02. The company has a quick ratio of 0.35, a current ratio of 1.06 and a debt-to-equity ratio of 16.31. The stock has a 50-day moving average price of $327.76 and a 200-day moving average price of $315.24.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.10. The Home Depot had a net margin of 10.55% and a return on equity of 709.19%. The firm had revenue of $41.12 billion during the quarter, compared to analysts’ expectations of $40.74 billion. During the same period in the previous year, the company earned $4.02 earnings per share. The Home Depot’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts expect that The Home Depot, Inc. will post 14.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Thursday, September 2nd were given a $1.65 dividend. The ex-dividend date of this dividend was Wednesday, September 1st. This represents a $6.60 dividend on an annualized basis and a yield of 1.96%. The Home Depot’s dividend payout ratio (DPR) is presently 54.86%.

The Home Depot declared that its board has initiated a stock repurchase program on Thursday, May 20th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the home improvement retailer to purchase up to 5.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

About The Home Depot

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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

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