The Home Depot, Inc. (NYSE:HD) Holdings Cut by MBA Advisors LLC

MBA Advisors LLC decreased its stake in The Home Depot, Inc. (NYSE:HD) by 35.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,593 shares of the home improvement retailer’s stock after selling 880 shares during the quarter. MBA Advisors LLC’s holdings in Home Depot were worth $620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth $26,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the 3rd quarter worth $46,000. Finally, Finley Financial LLC acquired a new position in shares of Home Depot during the 4th quarter worth $59,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last ninety days. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 1.7 %

Shares of HD stock opened at $414.25 on Tuesday. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a market capitalization of $411.50 billion, a P/E ratio of 28.14, a P/E/G ratio of 4.22 and a beta of 1.05. The firm has a 50-day moving average price of $406.14 and a 200 day moving average price of $394.55. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period last year, the firm posted $3.81 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Analyst Ratings Changes

Several research analysts have recently commented on HD shares. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Bank of America raised their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Barclays raised their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI raised their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $428.78.

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.