Chicago Capital LLC Raises Position in Home Depot Inc (NYSE:HD)

Chicago Capital LLC lifted its position in Home Depot Inc (NYSE:HD) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,934 shares of the home improvement retailer’s stock after buying an additional 65 shares during the period. Chicago Capital LLC’s holdings in Home Depot were worth $1,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Community Trust & Investment Co. increased its position in shares of Home Depot by 1.6% during the 3rd quarter. Community Trust & Investment Co. now owns 2,736 shares of the home improvement retailer’s stock valued at $635,000 after purchasing an additional 43 shares during the last quarter. First American Trust FSB lifted its stake in shares of Home Depot by 2.1% in the 3rd quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock worth $508,000 after purchasing an additional 45 shares during the period. California Capital Advisors Inc. boosted its holdings in shares of Home Depot by 0.3% in the fourth quarter. California Capital Advisors Inc. now owns 18,315 shares of the home improvement retailer’s stock worth $4,000,000 after buying an additional 46 shares during the last quarter. Smith Salley & Associates boosted its holdings in shares of Home Depot by 2.8% in the third quarter. Smith Salley & Associates now owns 1,717 shares of the home improvement retailer’s stock worth $398,000 after buying an additional 47 shares during the last quarter. Finally, Empirical Finance LLC grew its position in Home Depot by 1.7% during the third quarter. Empirical Finance LLC now owns 2,814 shares of the home improvement retailer’s stock valued at $653,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 69.87% of the company’s stock.

In related news, EVP Teresa Wynn Roseborough sold 12,974 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the sale, the executive vice president now owns 26,335 shares in the company, valued at $5,627,789.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the sale, the chief executive officer now directly owns 277,604 shares in the company, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,552 shares of company stock valued at $26,765,281. 0.27% of the stock is owned by corporate insiders.

Shares of NYSE HD opened at $222.81 on Wednesday. The company has a market cap of $244.59 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.98 and a beta of 1.00. Home Depot Inc has a 52-week low of $172.00 and a 52-week high of $239.31. The firm’s fifty day moving average is $218.81 and its two-hundred day moving average is $222.14.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 19th. The home improvement retailer reported $2.53 EPS for the quarter, meeting the consensus estimate of $2.53. The business had revenue of $27.22 billion during the quarter, compared to the consensus estimate of $27.51 billion. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 EPS. As a group, equities analysts anticipate that Home Depot Inc will post 10.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $1.36 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.44%. Home Depot’s dividend payout ratio is currently 55.01%.

Several research firms have weighed in on HD. Loop Capital reiterated a “hold” rating and issued a $200.00 price target on shares of Home Depot in a research report on Thursday, December 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $252.00 to $241.00 and set an “overweight” rating for the company in a research report on Thursday, December 12th. Bank of America restated a “hold” rating and issued a $235.00 price objective on shares of Home Depot in a research note on Wednesday, November 20th. Royal Bank of Canada reduced their price objective on Home Depot from $246.00 to $232.00 and set an “outperform” rating for the company in a research note on Thursday, December 12th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Home Depot in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and a consensus target price of $237.31.

About Home Depot

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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