Capital Advisors Inc. OK Sells 1,320 Shares of The Home Depot, Inc. (NYSE:HD)

Capital Advisors Inc. OK lowered its stake in The Home Depot, Inc. (NYSE:HD) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,607 shares of the home improvement retailer’s stock after selling 1,320 shares during the period. Capital Advisors Inc. OK’s holdings in Home Depot were worth $38,357,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Synergy Asset Management LLC bought a new position in Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in Home Depot during the 3rd quarter valued at about $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot during the fourth quarter worth about $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot in the third quarter worth about $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HD shares. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. JPMorgan Chase & Co. boosted their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen raised their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley upped their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company raised their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $428.85.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Trading Down 2.2 %

Home Depot stock opened at $407.20 on Thursday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a market cap of $404.50 billion, a P/E ratio of 27.66, a P/E/G ratio of 4.22 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business has a 50-day simple moving average of $405.62 and a two-hundred day simple moving average of $395.38.

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

Home Depot Profile

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.