The Home Depot, Inc. (NYSE:HD) Shares Sold by Leisure Capital Management

Leisure Capital Management trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 1.6% in the 4th quarter, HoldingsChannel reports. The fund owned 8,028 shares of the home improvement retailer’s stock after selling 129 shares during the quarter. Home Depot makes up approximately 1.2% of Leisure Capital Management’s holdings, making the stock its 18th biggest holding. Leisure Capital Management’s holdings in Home Depot were worth $3,123,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. International Assets Investment Management LLC raised its position in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after purchasing an additional 8,762,735 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Home Depot in the 3rd quarter valued at $336,231,000. FMR LLC raised its holdings in shares of Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after buying an additional 795,438 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in Home Depot by 295.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock worth $280,932,000 after acquiring an additional 518,054 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Home Depot by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock valued at $8,767,449,000 after acquiring an additional 433,126 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated 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 of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the 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 transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Finally, Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” 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-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Performance

Shares of HD opened at $411.79 on Wednesday. The company’s 50 day simple moving average is $407.47 and its 200-day simple moving average is $393.07. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a market cap of $409.05 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating 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 analyst estimates of $39.31 billion. During the same period in the previous year, the business posted $3.81 earnings per share. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

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.