The Home Depot, Inc. (NYSE:HD) Shares Sold by RB Capital Management LLC

RB Capital Management LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,429 shares of the home improvement retailer’s stock after selling 106 shares during the quarter. Home Depot makes up approximately 0.9% of RB Capital Management LLC’s holdings, making the stock its 27th biggest holding. RB Capital Management LLC’s holdings in Home Depot were worth $3,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Fairway Wealth LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot during the 2nd quarter worth about $33,000. Denver PWM LLC purchased a new position in shares of Home Depot during the 2nd quarter worth about $40,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the 3rd quarter worth about $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the 3rd quarter worth about $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated 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 owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last three months. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $429.37 on Tuesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a market capitalization of $426.52 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 3.00 and a beta of 1.03. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock’s fifty day moving average is $411.09 and its two-hundred day moving average is $376.09.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for 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%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $3.81 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s payout ratio is currently 61.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Morgan Stanley increased their target price on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, TD Cowen increased their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One equities research 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.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

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.