Texas Capital Bancshares Inc TX Sells 68 Shares of The Home Depot, Inc. (NYSE:HD)

Texas Capital Bancshares Inc TX reduced its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,830 shares of the home improvement retailer’s stock after selling 68 shares during the period. Home Depot makes up approximately 1.0% of Texas Capital Bancshares Inc TX’s investment portfolio, making the stock its 23rd biggest position. Texas Capital Bancshares Inc TX’s holdings in Home Depot were worth $1,762,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HD. VisionPoint Advisory Group LLC bought a new stake in shares of Home Depot in the second quarter valued at approximately $26,000. Fairfield Bush & CO. bought a new stake in Home Depot during the first quarter worth $27,000. KB Financial Partners LLC bought a new stake in Home Depot during the first quarter worth $28,000. Studio Investment Management LLC bought a new stake in Home Depot during the fourth quarter worth $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the first quarter worth $37,000. 68.34% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several recent analyst reports. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Telsey Advisory Group upped their target price on Home Depot from $325.00 to $335.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $325.00 to $372.00 in a research note on Thursday, January 4th. HSBC cut Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price target for the company. in a research note on Wednesday, February 21st. Finally, TD Cowen increased their price target on Home Depot from $350.00 to $415.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $363.71.

Read Our Latest Analysis on Home Depot

Home Depot Trading Up 0.5 %

Home Depot stock traded up $2.04 during trading hours on Wednesday, reaching $377.60. 2,281,791 shares of the company’s stock were exchanged, compared to its average volume of 3,062,033. 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 firm’s 50 day simple moving average is $355.62 and its 200 day simple moving average is $326.97. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $379.84. The firm has a market capitalization of $375.81 billion, a PE ratio of 25.04, a PEG ratio of 2.45 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The firm 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 was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $3.30 EPS. Research analysts predict that The Home Depot, Inc. will post 15.4 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 55.36%.

Home Depot Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and d├ęcor 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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