Home Depot Inc (NYSE:HD) Shares Sold by RFG Advisory LLC

RFG Advisory LLC trimmed its position in shares of Home Depot Inc (NYSE:HD) by 76.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,808 shares of the home improvement retailer’s stock after selling 5,818 shares during the quarter. RFG Advisory LLC’s holdings in Home Depot were worth $376,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of HD. Cambridge Investment Research Advisors Inc. grew its position in Home Depot by 1.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 179,523 shares of the home improvement retailer’s stock worth $37,335,000 after buying an additional 1,714 shares during the period. Covington Capital Management grew its position in Home Depot by 0.9% during the second quarter. Covington Capital Management now owns 90,504 shares of the home improvement retailer’s stock worth $18,822,000 after buying an additional 851 shares during the period. MidWestOne Financial Group Inc. acquired a new position in Home Depot during the second quarter worth about $911,000. Integrated Wealth Concepts LLC grew its position in Home Depot by 3.7% during the second quarter. Integrated Wealth Concepts LLC now owns 11,343 shares of the home improvement retailer’s stock worth $2,360,000 after buying an additional 403 shares during the period. Finally, Voleon Capital Management LP acquired a new position in Home Depot during the second quarter worth about $24,540,000. Institutional investors and hedge funds own 69.92% of the company’s stock.

Shares of HD traded up $2.69 on Wednesday, hitting $228.10. 3,731,409 shares of the stock traded hands, compared to its average volume of 4,157,863. The firm has a market capitalization of $246.05 billion, a P/E ratio of 23.06, a P/E/G ratio of 2.23 and a beta of 1.05. The stock’s 50 day moving average is $220.52 and its two-hundred day moving average is $205.71. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $235.49.



Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. The business had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.05 earnings per share. On average, sell-side analysts expect that Home Depot Inc will post 10.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, September 4th. Home Depot’s payout ratio is 55.01%.

Several brokerages have weighed in on HD. Stifel Nicolaus upped their target price on shares of Home Depot to $230.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Citigroup increased their price target on shares of Home Depot from $246.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Loop Capital increased their price target on shares of Home Depot to $200.00 and gave the company a “hold” rating in a research report on Wednesday, August 21st. ValuEngine upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Morgan Stanley increased their price target on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $223.78.

In related news, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the transaction, the chief financial officer now owns 496,374 shares of the company’s stock, valued at $108,725,760.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the transaction, the executive vice president now directly owns 87,343 shares in the company, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. Insiders have sold 177,508 shares of company stock worth $39,076,428 in the last three months. Insiders own 0.27% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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