The Home Depot, Inc. (NYSE:HD) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 16.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,975 shares of the home improvement retailer’s stock after selling 12,833 shares during the period. Home Depot accounts for approximately 0.6% of Advisory Services Network LLC’s portfolio, making the stock its 21st biggest holding. Advisory Services Network LLC’s holdings in Home Depot were worth $22,517,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Home Depot during the fourth quarter worth about $4,311,070,000. International Assets Investment Management LLC lifted its holdings in shares of Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after acquiring an additional 5,525,791 shares during the period. Jennison Associates LLC boosted its position in shares of Home Depot by 38.4% in the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after acquiring an additional 1,207,388 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Home Depot in the third quarter valued at approximately $207,210,000. Finally, Envestnet Asset Management Inc. increased its position in Home Depot by 20.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock worth $746,003,000 after purchasing an additional 421,619 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, May 14th. TD Cowen decreased their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Bank of America upped their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $377.46.

Read Our Latest Report on Home Depot

Home Depot Stock Down 0.5 %

HD traded down $1.79 on Friday, hitting $325.10. The company had a trading volume of 2,692,315 shares, compared to its average volume of 3,395,206. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market capitalization of $322.37 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.28 and a beta of 1.01. The stock has a fifty day simple moving average of $351.51 and a 200-day simple moving average of $347.35. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.82 earnings per share. As a group, equities analysts expect that The Home Depot, Inc. will post 15.31 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, May 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.77%. Home Depot’s dividend payout ratio is currently 60.36%.

Insiders Place Their Bets

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

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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