The Home Depot, Inc. (NYSE:HD) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. reduced its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,363 shares of the home improvement retailer’s stock after selling 669 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Home Depot were worth $6,017,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HD. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $28,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC lifted its holdings in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the period. Finally, Studio Investment Management LLC acquired a new position in Home Depot during the fourth quarter worth $32,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $335.36 on Friday. The company has a market cap of $332.35 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The business has a fifty day simple moving average of $367.36 and a 200-day simple moving average of $339.54.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.30 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Guggenheim reaffirmed a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. The Goldman Sachs Group lifted their price objective on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Bank of America lifted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

View Our Latest Research Report on HD

About Home Depot

(Free Report)

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.

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

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