The Home Depot, Inc. (NYSE:HD) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,042 shares of the home improvement retailer’s stock after selling 412 shares during the period. Sargent Investment Group LLC’s holdings in Home Depot were worth $2,440,000 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. Cornerstone Wealth Group LLC boosted its stake in Home Depot by 2.3% during the third quarter. Cornerstone Wealth Group LLC now owns 11,074 shares of the home improvement retailer’s stock worth $3,346,000 after buying an additional 254 shares during the period. Capital Asset Advisory Services LLC boosted its stake in Home Depot by 7.4% during the third quarter. Capital Asset Advisory Services LLC now owns 15,013 shares of the home improvement retailer’s stock worth $4,475,000 after buying an additional 1,039 shares during the period. Greenwood Capital Associates LLC boosted its stake in shares of Home Depot by 3.4% in the third quarter. Greenwood Capital Associates LLC now owns 1,172 shares of the home improvement retailer’s stock valued at $354,000 after purchasing an additional 39 shares during the period. Aurora Private Wealth Inc. boosted its stake in shares of Home Depot by 17.6% in the third quarter. Aurora Private Wealth Inc. now owns 840 shares of the home improvement retailer’s stock valued at $254,000 after purchasing an additional 126 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Home Depot by 1.1% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 17,246 shares of the home improvement retailer’s stock valued at $5,211,000 after purchasing an additional 193 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

Shares of NYSE HD traded up $3.11 during trading on Friday, hitting $335.09. 2,465,262 shares of the company were exchanged, compared to its average volume of 3,779,238. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The firm’s fifty day moving average price is $364.77 and its 200 day moving average price is $340.97. The company has a market cap of $332.08 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the firm earned $3.30 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Mizuho initiated coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. Guggenheim reiterated a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $375.96.

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.