Home Depot Inc (HD) Position Cut by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. cut its position in shares of Home Depot Inc (NYSE:HD) by 62.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,046 shares of the home improvement retailer’s stock after selling 3,430 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Home Depot were worth $352,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Long Island Investors LLC boosted its holdings in shares of Home Depot by 1.6% in the 3rd quarter. First Long Island Investors LLC now owns 109,544 shares of the home improvement retailer’s stock valued at $22,692,000 after purchasing an additional 1,713 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Home Depot by 1.2% in the 3rd quarter. Cadence Capital Management LLC now owns 43,509 shares of the home improvement retailer’s stock valued at $9,013,000 after purchasing an additional 535 shares in the last quarter. Buckingham Asset Management LLC boosted its holdings in shares of Home Depot by 7.9% in the 3rd quarter. Buckingham Asset Management LLC now owns 11,456 shares of the home improvement retailer’s stock valued at $2,373,000 after purchasing an additional 838 shares in the last quarter. Beach Investment Management LLC. boosted its holdings in shares of Home Depot by 43.4% in the 3rd quarter. Beach Investment Management LLC. now owns 5,780 shares of the home improvement retailer’s stock valued at $1,197,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its holdings in shares of Home Depot by 4.4% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 13,234 shares of the home improvement retailer’s stock valued at $2,741,000 after purchasing an additional 559 shares in the last quarter. 70.93% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on HD shares. Edward Jones raised Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. DZ Bank downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Zacks Investment Research downgraded Home Depot from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $192.00 target price on shares of Home Depot in a report on Wednesday, May 1st. Finally, Royal Bank of Canada reduced their target price on Home Depot from $223.00 to $217.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $204.71.

NYSE HD opened at $191.76 on Thursday. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.11. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43. The firm has a market cap of $210.81 billion, a P/E ratio of 19.39, a PEG ratio of 1.65 and a beta of 1.09.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.09. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The company had revenue of $26.49 billion for the quarter, compared to the consensus estimate of $26.57 billion. During the same quarter last year, the business posted $1.69 EPS. Home Depot’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts forecast that Home Depot Inc will post 10.08 earnings per share for the current fiscal year.

Home Depot declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 26th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

In related news, EVP Edward P. Decker sold 23,744 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the sale, the executive vice president now owns 86,813 shares of the company’s stock, valued at approximately $15,880,702.09. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 5,450 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total value of $1,006,451.50. Following the transaction, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,194 shares of company stock worth $7,553,141. 0.27% of the stock is currently owned by company insiders.

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Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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