Davis Capital Management Has $236,000 Position in The Home Depot, Inc. (NYSE:HD)

Davis Capital Management reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 607 shares of the home improvement retailer’s stock after selling 46 shares during the period. Davis Capital Management’s holdings in Home Depot were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. XML Financial LLC boosted its position in Home Depot by 1.1% in the fourth quarter. XML Financial LLC now owns 7,282 shares of the home improvement retailer’s stock valued at $2,833,000 after buying an additional 76 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Home Depot by 16.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 354,322 shares of the home improvement retailer’s stock valued at $137,828,000 after buying an additional 48,939 shares in the last quarter. Traphagen Investment Advisors LLC boosted its position in Home Depot by 0.8% in the fourth quarter. Traphagen Investment Advisors LLC now owns 8,476 shares of the home improvement retailer’s stock valued at $3,297,000 after buying an additional 68 shares in the last quarter. Simon Quick Advisors LLC boosted its position in Home Depot by 5.7% in the fourth quarter. Simon Quick Advisors LLC now owns 7,310 shares of the home improvement retailer’s stock valued at $2,844,000 after buying an additional 392 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its position in Home Depot by 3.8% in the fourth quarter. Sheets Smith Wealth Management now owns 13,181 shares of the home improvement retailer’s stock valued at $5,127,000 after buying an additional 481 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were 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 approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of recent analyst reports. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Guggenheim boosted their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 1.1 %

Shares of HD stock opened at $414.46 on Friday. The firm has a fifty day moving average of $406.83 and a 200-day moving average of $389.47. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a market capitalization of $411.71 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 4.41 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping 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 company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the firm earned $3.81 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

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.