Huber Capital Management LLC Sells 5,300 Shares of The Home Depot, Inc. (NYSE:HD)

Huber Capital Management LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 33.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,698 shares of the home improvement retailer’s stock after selling 5,300 shares during the period. Huber Capital Management LLC’s holdings in The Home Depot were worth $3,411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KB Financial Partners LLC purchased a new stake in The Home Depot during the first quarter valued at about $29,000. Atlas Capital Advisors LLC raised its position in The Home Depot by 38.5% during the second quarter. Atlas Capital Advisors LLC now owns 133 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 37 shares in the last quarter. Elmwood Wealth Management Inc. purchased a new stake in The Home Depot during the first quarter valued at about $41,000. Twin Lakes Capital Management LLC purchased a new stake in The Home Depot during the first quarter valued at about $61,000. Finally, Lake Point Wealth Management purchased a new position in shares of The Home Depot in the second quarter worth about $69,000. Institutional investors and hedge funds own 68.97% of the company’s stock.

HD traded up $4.72 during mid-day trading on Thursday, reaching $343.00. 130,934 shares of the company traded hands, compared to its average volume of 3,873,124. The stock has a market capitalization of $361.99 billion, a P/E ratio of 23.95, 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 company’s fifty day moving average price is $331.12 and its 200-day moving average price is $323.39. The Home Depot, Inc. has a 52-week low of $246.59 and a 52-week high of $345.69.

The Home Depot (NYSE:HD) last posted its quarterly earnings data on Monday, August 16th. The home improvement retailer reported $4.53 EPS for the quarter, topping the consensus estimate of $4.43 by $0.10. The firm had revenue of $41.12 billion during the quarter, compared to analyst estimates of $40.74 billion. The Home Depot had a return on equity of 709.19% and a net margin of 10.55%. The Home Depot’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.02 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 14.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Thursday, September 2nd were issued a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 1.92%. The ex-dividend date was Wednesday, September 1st. The Home Depot’s dividend payout ratio is currently 54.86%.

In related news, EVP Teresa Wynn Roseborough sold 5,000 shares of the 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 sale, the executive vice president now directly owns 19,760 shares of the company’s stock, valued at approximately $6,494,124. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 68,468 shares of the stock in a transaction dated Friday, August 20th. The stock was 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. Insiders sold a total of 74,622 shares of company stock valued at $24,302,611 in the last ninety days. 0.18% of the stock is currently owned by insiders.

HD has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on The Home Depot from $360.00 to $365.00 and gave the stock an “overweight” rating in a report on Thursday, September 30th. OTR Global downgraded The Home Depot to a “positive” rating in a report on Tuesday, August 10th. Raymond James boosted their price target on The Home Depot from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, August 16th. Loop Capital cut The Home Depot from a “buy” rating to a “hold” rating and cut their price objective for the company from $370.00 to $325.00 in a research report on Friday, October 8th. Finally, Zacks Investment Research cut The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 price objective on the stock. in a research report on Tuesday, July 20th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $342.50.

The Home Depot Company Profile

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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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

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