The Home Depot, Inc. (NYSE:HD) Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,341 shares of the home improvement retailer’s stock after selling 152 shares during the quarter. Home Depot accounts for approximately 1.2% of Naples Global Advisors LLC’s holdings, making the stock its 10th biggest position. Naples Global Advisors LLC’s holdings in Home Depot were worth $12,969,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in shares of Home Depot by 11.2% in the fourth quarter. Van ECK Associates Corp now owns 58,632 shares of the home improvement retailer’s stock worth $22,807,000 after acquiring an additional 5,917 shares during the last quarter. Values First Advisors Inc. grew its stake in Home Depot by 216.2% in the fourth quarter. Values First Advisors Inc. now owns 1,211 shares of the home improvement retailer’s stock valued at $471,000 after purchasing an additional 828 shares in the last quarter. Retirement Guys Formula LLC increased its position in Home Depot by 1.2% in the 4th quarter. Retirement Guys Formula LLC now owns 4,011 shares of the home improvement retailer’s stock worth $1,560,000 after purchasing an additional 46 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Home Depot by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 262,485 shares of the home improvement retailer’s stock worth $101,965,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Davidson Capital Management Inc. lifted its holdings in shares of Home Depot by 3.7% during the 4th quarter. Davidson Capital Management Inc. now owns 9,302 shares of the home improvement retailer’s stock valued at $3,618,000 after buying an additional 333 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD opened at $412.64 on Friday. The business’s 50 day moving average is $405.21 and its 200-day moving average is $395.46. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $409.90 billion, a PE ratio of 28.03, a PEG ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

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. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.81 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. Mizuho raised their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Bank of America boosted their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.00.

Insider Activity

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

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.