New York State Teachers Retirement System Sells 41,112 Shares of The Home Depot, Inc. (NYSE:HD)

New York State Teachers Retirement System lowered its stake in The Home Depot, Inc. (NYSE:HD) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 843,813 shares of the home improvement retailer’s stock after selling 41,112 shares during the quarter. Home Depot makes up 0.7% of New York State Teachers Retirement System’s investment portfolio, making the stock its 21st largest position. New York State Teachers Retirement System owned about 0.08% of Home Depot worth $328,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Campbell Wealth Management raised its holdings in shares of Home Depot by 112.5% in the 4th quarter. Campbell Wealth Management now owns 2,051 shares of the home improvement retailer’s stock valued at $798,000 after acquiring an additional 1,086 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Home Depot in the 4th quarter valued at about $686,000. Pictet North America Advisors SA raised its holdings in shares of Home Depot by 1.8% in the 4th quarter. Pictet North America Advisors SA now owns 13,666 shares of the home improvement retailer’s stock valued at $5,316,000 after acquiring an additional 244 shares in the last quarter. W.H. Cornerstone Investments Inc. raised its holdings in shares of Home Depot by 47.2% in the 4th quarter. W.H. Cornerstone Investments Inc. now owns 1,400 shares of the home improvement retailer’s stock valued at $545,000 after acquiring an additional 449 shares in the last quarter. Finally, CFC Planning Co LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at about $315,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HD shares. Morgan Stanley raised their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Bank of America raised their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. DA Davidson raised their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their price objective on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of HD stock opened at $409.47 on Friday. The firm has a market cap of $406.76 billion, a P/E ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business’s 50 day moving average price is $404.93 and its 200-day moving average price is $395.58. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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

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.