The Home Depot, Inc. (NYSE:HD) Shares Sold by Rollins Financial

Rollins Financial cut its position in The Home Depot, Inc. (NYSE:HDFree Report) by 46.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,767 shares of the home improvement retailer’s stock after selling 4,106 shares during the period. Rollins Financial’s holdings in Home Depot were worth $1,652,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HD. Bare Financial Services Inc acquired a new position in shares of Home Depot in the fourth quarter valued at about $26,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC grew its holdings in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the period. Gilfoyle & Co LLC acquired a new stake in Home Depot during the fourth quarter worth about $35,000. Finally, Quantbot Technologies LP acquired a new stake in Home Depot during the third quarter worth about $64,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction 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 $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

Shares of Home Depot stock opened at $334.87 on Monday. The business’s 50 day moving average price is $345.00 and its 200 day moving average price is $349.45. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The company has a market cap of $332.06 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.31 and a beta of 1.01. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HDGet Free Report) last posted its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion during 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 quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.82 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.31 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced 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 Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group raised their target price on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Bank of America raised their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. Finally, Citigroup lowered their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $377.46.

Check Out Our Latest Stock Report on Home Depot

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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