Harbour Investments Inc. Reduces Position in The Home Depot, Inc. (NYSE:HD)

Harbour Investments Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the 4th quarter, Holdings Channel reports. The fund owned 16,530 shares of the home improvement retailer’s stock after selling 149 shares during the quarter. Harbour Investments Inc.’s holdings in Home Depot were worth $5,728,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cape Investment Advisory Inc. raised its stake in Home Depot by 1.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after acquiring an additional 28 shares in the last quarter. Optas LLC raised its stake in Home Depot by 1.7% during the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after acquiring an additional 29 shares in the last quarter. STAR Financial Bank raised its stake in Home Depot by 0.7% during the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after acquiring an additional 29 shares in the last quarter. Harvest Investment Advisors LLC raised its stake in Home Depot by 0.8% during the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after acquiring an additional 30 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. raised its stake in Home Depot by 0.3% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $345.25 on Friday. The firm has a 50 day simple moving average of $337.79 and a 200-day simple moving average of $350.49. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The firm has a market cap of $342.35 billion, a PE ratio of 23.32, a P/E/G ratio of 2.37 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.82 earnings per share. On average, equities analysts expect that The Home Depot, Inc. will post 15.3 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. DA Davidson reissued a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a research report on Monday, April 1st. Wedbush reaffirmed an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Finally, Mizuho initiated coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $377.46.

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.