Contravisory Investment Management Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 719 shares of the home improvement retailer’s stock after selling 105 shares during the period. Contravisory Investment Management Inc.’s holdings in The Home Depot were worth $191,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. S&CO Inc. acquired a new position in shares of The Home Depot during the 3rd quarter worth approximately $5,027,000. Cox Capital Mgt LLC grew its holdings in The Home Depot by 3.8% during the fourth quarter. Cox Capital Mgt LLC now owns 15,788 shares of the home improvement retailer’s stock valued at $4,194,000 after purchasing an additional 585 shares during the period. BTR Capital Management Inc. grew its holdings in The Home Depot by 11.2% during the fourth quarter. BTR Capital Management Inc. now owns 21,155 shares of the home improvement retailer’s stock valued at $5,619,000 after purchasing an additional 2,131 shares during the period. First Allied Advisory Services Inc. grew its holdings in The Home Depot by 2.3% during the third quarter. First Allied Advisory Services Inc. now owns 41,449 shares of the home improvement retailer’s stock valued at $11,511,000 after purchasing an additional 919 shares during the period. Finally, Hardy Reed LLC grew its holdings in The Home Depot by 7.0% during the third quarter. Hardy Reed LLC now owns 3,991 shares of the home improvement retailer’s stock valued at $1,108,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 63.23% of the company’s stock.
Several brokerages have weighed in on HD. Oppenheimer lowered The Home Depot from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $320.00 to $305.00 in a report on Friday, September 18th. Wedbush lowered The Home Depot from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 11th. DA Davidson cut their price target on The Home Depot from $315.00 to $295.00 and set a “neutral” rating for the company in a report on Wednesday, November 18th. Exane BNP Paribas began coverage on The Home Depot in a report on Monday, October 5th. They issued an “outperform” rating and a $310.00 price target for the company. Finally, Telsey Advisory Group raised The Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $300.00 to $315.00 in a report on Monday, November 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The Home Depot has a consensus rating of “Buy” and a consensus price target of $293.25.
The Home Depot (NYSE:HD) last released its quarterly earnings data on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The business had revenue of $33.54 billion during the quarter, compared to analysts’ expectations of $32.03 billion. During the same quarter last year, the business posted $2.53 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 11.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Wednesday, December 2nd. The Home Depot’s payout ratio is presently 58.54%.
In other news, COO Edward P. Decker sold 25,595 shares of the firm’s stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of $269.40, for a total value of $6,895,293.00. Following the completion of the transaction, the chief operating officer now owns 97,352 shares in the company, valued at approximately $26,226,628.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 120 shares of the firm’s stock in a transaction that occurred on Friday, November 20th. The shares were sold at an average price of $269.03, for a total value of $32,283.60. Following the completion of the transaction, the executive vice president now owns 46,611 shares of the company’s stock, valued at approximately $12,539,757.33. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
About The 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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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