Gradient Capital Advisors LLC Cuts Position in The Home Depot, Inc. (NYSE:HD)

Gradient Capital Advisors LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,416 shares of the home improvement retailer’s stock after selling 55 shares during the quarter. Gradient Capital Advisors LLC’s holdings in Home Depot were worth $940,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Augustine Asset Management Inc. raised its holdings in Home Depot by 3.8% during the 4th quarter. Augustine Asset Management Inc. now owns 984 shares of the home improvement retailer’s stock valued at $383,000 after buying an additional 36 shares during the period. Quent Capital LLC increased its position in Home Depot by 6.5% during the fourth quarter. Quent Capital LLC now owns 8,810 shares of the home improvement retailer’s stock valued at $3,427,000 after acquiring an additional 540 shares during the last quarter. Cardinal Strategic Wealth Guidance raised its stake in shares of Home Depot by 18.9% in the fourth quarter. Cardinal Strategic Wealth Guidance now owns 4,247 shares of the home improvement retailer’s stock valued at $1,652,000 after acquiring an additional 675 shares during the period. Balentine LLC raised its stake in shares of Home Depot by 16.8% in the fourth quarter. Balentine LLC now owns 1,696 shares of the home improvement retailer’s stock valued at $660,000 after acquiring an additional 244 shares during the period. Finally, Single Point Partners LLC bought a new stake in shares of Home Depot in the 4th quarter worth about $444,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Down 2.2 %

Home Depot stock opened at $407.20 on Thursday. The firm has a market cap of $404.50 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The business’s 50-day moving average price is $405.62 and its 200 day moving average price is $395.38. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Analysts Set New Price Targets

HD has been the topic of several analyst reports. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday. Finally, Royal Bank of Canada increased their target price on 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 issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $428.85.

Home Depot Company 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.