Kentucky Retirement Systems Sells 5,599 Shares of The Home Depot, Inc. (NYSE:HD)

Kentucky Retirement Systems decreased its position in The Home Depot, Inc. (NYSE:HD) by 7.5% in the third quarter, Holdings Channel reports. The firm owned 69,081 shares of the home improvement retailer’s stock after selling 5,599 shares during the period. Home Depot accounts for 0.8% of Kentucky Retirement Systems’ investment portfolio, making the stock its 18th largest holding. Kentucky Retirement Systems’ holdings in Home Depot were worth $27,992,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Home Depot during the 2nd quarter worth $25,000. Kings Path Partners LLC bought a new position in Home Depot during the 2nd quarter worth about $33,000. Denver PWM LLC bought a new position in Home Depot during the 2nd quarter worth about $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the 3rd quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot in the 2nd quarter valued at about $47,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. DA Davidson boosted their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays lifted their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Trading Up 0.6 %

Shares of NYSE:HD opened at $408.25 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $302.34 and a 12-month high of $421.56. The business has a 50 day moving average of $399.51 and a two-hundred day moving average of $366.34. The company has a market capitalization of $405.51 billion, a PE ratio of 27.73, a PEG ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the business posted $3.81 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, analysts forecast that The Home Depot, Inc. will post 15.06 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

Home Depot Profile

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.