SageView Advisory Group LLC Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

SageView Advisory Group LLC lifted its position in The Home Depot, Inc. (NYSE:HDFree Report) by 28.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 25,312 shares of the home improvement retailer’s stock after acquiring an additional 5,600 shares during the quarter. SageView Advisory Group LLC’s holdings in Home Depot were worth $9,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Quantbot Technologies LP purchased a new stake in Home Depot during the third quarter worth about $64,000. Fiera Capital Corp increased its stake in shares of Home Depot by 3.0% during the 3rd quarter. Fiera Capital Corp now owns 4,032 shares of the home improvement retailer’s stock worth $1,218,000 after purchasing an additional 116 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Home Depot by 2.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 119,010 shares of the home improvement retailer’s stock worth $35,960,000 after purchasing an additional 2,857 shares during the period. Excalibur Management Corp lifted its stake in Home Depot by 7.9% in the third quarter. Excalibur Management Corp now owns 5,123 shares of the home improvement retailer’s stock valued at $1,548,000 after purchasing an additional 377 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. grew its holdings in Home Depot by 7.0% during the third quarter. Financial Engines Advisors L.L.C. now owns 5,452 shares of the home improvement retailer’s stock valued at $1,647,000 after purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of NYSE:HD traded down $3.59 during trading on Friday, reaching $344.29. The company had a trading volume of 830,158 shares, compared to its average volume of 3,388,290. The company has a fifty day moving average of $337.79 and a two-hundred day moving average of $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 stock has a market capitalization of $341.40 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.00. 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 earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the prior year, the firm earned $3.82 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.3 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.61%. Home Depot’s dividend payout ratio is 60.36%.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Cowen lowered their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. UBS Group lowered their price objective on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Wedbush reiterated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. Evercore ISI boosted their price target on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, Wells Fargo & Company cut their price objective on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $377.46.

Check Out Our Latest Stock Report on HD

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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