The Home Depot, Inc. (NYSE:HD) Shares Sold by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,163 shares of the home improvement retailer’s stock after selling 586 shares during the period. Home Depot accounts for 1.2% of Petredis Investment Advisors LLC’s portfolio, making the stock its 18th biggest position. Petredis Investment Advisors LLC’s holdings in Home Depot were worth $9,413,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HD. Bare Financial Services Inc bought a new position in shares of Home Depot during the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $27,000. Keener Financial Planning LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC lifted its position in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new position in Home Depot during the fourth quarter valued at approximately $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 1.0 %

HD stock traded up $3.54 during mid-day trading on Thursday, reaching $347.68. The company’s stock had a trading volume of 3,379,336 shares, compared to its average volume of 3,410,713. The company has a market cap of $344.76 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.29 and a beta of 1.00. The business’s 50 day moving average price is $337.79 and its 200 day moving average price is $350.49. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.82 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 15.3 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.25 per share. The ex-dividend date is Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.59%. Home Depot’s dividend payout ratio is 60.36%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Wedbush restated an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a research note on Friday, May 10th. Guggenheim restated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. UBS Group reduced their target price on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Mizuho initiated coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $377.46.

View Our Latest Stock Analysis on Home Depot

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.

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

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