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

Windward Capital Management Co. CA decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,253 shares of the home improvement retailer’s stock after selling 180 shares during the quarter. Windward Capital Management Co. CA’s holdings in Home Depot were worth $5,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new position in Home Depot in the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the third quarter valued at approximately $46,000. Finally, Finley Financial LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen boosted their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. DA Davidson upped their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Stifel Nicolaus boosted their target price 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. Finally, Bank of America boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Up 0.6 %

Home Depot stock opened at $414.04 on Thursday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market capitalization of $411.29 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The firm’s fifty day moving average price is $407.11 and its two-hundred day moving average price is $393.41. 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 released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company 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 firm’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $3.81 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.17%. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were 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 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. Over the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Home Depot Company 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.