Vestor Capital LLC Decreases Stock Position in The Home Depot, Inc. (NYSE:HD)

Vestor Capital LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,983 shares of the home improvement retailer’s stock after selling 167 shares during the period. Vestor Capital LLC’s holdings in Home Depot were worth $5,886,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bare Financial Services Inc bought a new position in Home Depot during the 4th quarter valued at $26,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC boosted its position in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares during the period. Gilfoyle & Co LLC bought a new position in shares of Home Depot in the fourth quarter valued at $35,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Home Depot in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Citigroup lowered their price target on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday. Stifel Nicolaus upped their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Wells Fargo & Company decreased their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, HSBC reaffirmed a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.19.

Check Out Our Latest Stock Report on Home Depot

Home Depot Price Performance

HD stock traded down $1.00 during trading on Friday, reaching $346.44. 3,413,675 shares of the company were exchanged, compared to its average volume of 3,348,602. The company has a market capitalization of $343.33 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 2.28 and a beta of 1.01. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a 50-day moving average of $359.03 and a two-hundred day moving average of $343.54. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period last year, the firm posted $3.30 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.60%. Home Depot’s payout ratio is presently 59.60%.

Insider Activity

In related news, 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 value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

About Home Depot

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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