Gladstone Institutional Advisory LLC Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

Gladstone Institutional Advisory LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 2.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,655 shares of the home improvement retailer’s stock after selling 395 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Home Depot were worth $7,646,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Certuity LLC lifted its holdings in shares of Home Depot by 20.7% during the 4th quarter. Certuity LLC now owns 3,361 shares of the home improvement retailer’s stock worth $1,307,000 after acquiring an additional 576 shares during the last quarter. Community Financial Services Group LLC raised its position in Home Depot by 2.4% during the fourth quarter. Community Financial Services Group LLC now owns 8,339 shares of the home improvement retailer’s stock valued at $3,244,000 after purchasing an additional 197 shares in the last quarter. Wealth Advisors Northwest LLC bought a new stake in Home Depot during the fourth quarter worth about $224,000. Signet Investment Advisory Group Inc. boosted its holdings in shares of Home Depot by 1.1% in the 4th quarter. Signet Investment Advisory Group Inc. now owns 8,369 shares of the home improvement retailer’s stock worth $3,255,000 after purchasing an additional 92 shares in the last quarter. Finally, David Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $261,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HD shares. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI boosted their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $428.85.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Down 2.2 %

HD stock opened at $407.20 on Thursday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a market capitalization of $404.50 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The business’s 50 day moving average price is $405.62 and its two-hundred day moving average price is $395.38. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.81 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Company 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.