Home Depot, Inc. (The) (HD) Shares Sold by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC lessened its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 6.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 49,723 shares of the home improvement retailer’s stock after selling 3,700 shares during the period. Home Depot, Inc. (The) accounts for about 1.0% of Pillar Pacific Capital Management LLC’s portfolio, making the stock its 24th largest position. Pillar Pacific Capital Management LLC’s holdings in Home Depot, Inc. (The) were worth $7,627,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. American Beacon Advisors Inc. bought a new position in Home Depot, Inc. (The) in the first quarter valued at about $100,000. Riggs Asset Managment Co. Inc. boosted its holdings in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after acquiring an additional 397 shares during the last quarter. St. Johns Investment Management Company LLC boosted its holdings in Home Depot, Inc. (The) by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after acquiring an additional 495 shares during the last quarter. Mascoma Wealth Management LLC boosted its holdings in Home Depot, Inc. (The) by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after acquiring an additional 7 shares during the last quarter. Finally, Peoples Financial Services CORP. boosted its holdings in Home Depot, Inc. (The) by 12.2% in the second quarter. Peoples Financial Services CORP. now owns 1,150 shares of the home improvement retailer’s stock valued at $176,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 71.38% of the company’s stock.

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HD has been the topic of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $176.00 price target on shares of Home Depot, Inc. (The) in a report on Friday, June 16th. Zacks Investment Research cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Vetr cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target on the stock. in a report on Monday, June 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $182.00 price target on shares of Home Depot, Inc. (The) in a report on Thursday, August 10th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $179.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Home Depot, Inc. (The) currently has a consensus rating of “Buy” and an average target price of $172.38.

Shares of Home Depot, Inc. (NYSE:HD) opened at 164.59 on Friday. The firm has a market cap of $194.02 billion, a price-to-earnings ratio of 23.69 and a beta of 1.07. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $166.63. The company has a 50-day moving average price of $158.93 and a 200-day moving average price of $153.90.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.97 earnings per share. Analysts forecast that Home Depot, Inc. will post $7.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the sale, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at $9,877,044. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,717 shares of company stock valued at $8,916,321. Company insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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