Sage Mountain Advisors LLC Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Sage Mountain Advisors LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 16.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,204 shares of the home improvement retailer’s stock after selling 1,182 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Home Depot were worth $2,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Caliber Wealth Management LLC boosted its stake in shares of Home Depot by 6.6% during the third quarter. Caliber Wealth Management LLC now owns 7,400 shares of the home improvement retailer’s stock valued at $2,236,000 after purchasing an additional 459 shares during the period. Wedge Capital Management L L P NC purchased a new stake in Home Depot in the third quarter worth about $521,000. Harbor Investment Advisory LLC lifted its stake in Home Depot by 6.2% in the third quarter. Harbor Investment Advisory LLC now owns 14,133 shares of the home improvement retailer’s stock worth $4,270,000 after acquiring an additional 819 shares during the period. Scharf Investments LLC lifted its stake in Home Depot by 1.4% in the third quarter. Scharf Investments LLC now owns 3,785 shares of the home improvement retailer’s stock worth $1,144,000 after acquiring an additional 52 shares during the period. Finally, OneAscent Financial Services LLC purchased a new stake in Home Depot in the third quarter worth about $683,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $336.02 on Tuesday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company’s 50 day moving average is $366.77 and its 200 day moving average is $340.19. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The company has a market cap of $333.00 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the prior year, the company earned $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HD. Telsey Advisory Group upped their price objective on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Evercore ISI lowered their price objective on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. DA Davidson reiterated a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. Finally, Mizuho assumed coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

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.