State of Alaska Department of Revenue Sells 2,723 Shares of The Home Depot, Inc. (NYSE:HD)

State of Alaska Department of Revenue lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,252 shares of the home improvement retailer’s stock after selling 2,723 shares during the period. Home Depot makes up about 0.5% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 27th largest position. State of Alaska Department of Revenue’s holdings in Home Depot were worth $44,053,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $26,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the third quarter worth $41,000. Sugar Maple Asset Management LLC purchased a new position in Home Depot during the fourth quarter worth $41,000. Livelsberger Financial Advisory bought a new position in Home Depot during the third quarter valued at $46,000. Finally, Finley Financial LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $59,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of HD opened at $407.39 on Friday. The company has a 50 day moving average of $406.58 and a two-hundred day moving average of $393.70. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a market cap of $404.68 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05.

Home Depot (NYSE:HD) last posted 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 during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter last year, the firm earned $3.81 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.21%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Sanford C. Bernstein began coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price on the stock. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.