Stablepoint Partners LLC Sells 502 Shares of The Home Depot, Inc. (NYSE:HD)

Stablepoint Partners LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 34.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 968 shares of the home improvement retailer’s stock after selling 502 shares during the period. Stablepoint Partners LLC’s holdings in Home Depot were worth $377,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Quarry LP lifted its position in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after buying an additional 36 shares in the last quarter. Regal Investment Advisors LLC increased its stake in shares of Home Depot by 7.5% in the second quarter. Regal Investment Advisors LLC now owns 5,777 shares of the home improvement retailer’s stock worth $1,989,000 after purchasing an additional 401 shares in the last quarter. Regency Capital Management Inc. DE increased its stake in shares of Home Depot by 46.5% in the second quarter. Regency Capital Management Inc. DE now owns 4,048 shares of the home improvement retailer’s stock worth $1,393,000 after purchasing an additional 1,285 shares in the last quarter. Ted Buchan & Co bought a new stake in shares of Home Depot during the 2nd quarter valued at $327,000. Finally, Granite Bay Wealth Management LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at $230,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated 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 directly 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 position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $418.83 on Wednesday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market cap of $416.04 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 4.32 and a beta of 1.05. 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 firm has a 50-day simple moving average of $407.42 and a two-hundred day simple moving average of $391.36.

Home Depot (NYSE:HD) last posted its 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. 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 analysts’ expectations of $39.31 billion. During the same quarter in the prior year, the company posted $3.81 earnings per share. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.15%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HD. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Morgan Stanley increased their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Guggenheim increased their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. 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 report on Monday, November 11th. Finally, Wells Fargo & Company boosted their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $426.00.

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.