Sirios Capital Management L P Sells 115,736 Shares of Home Depot, Inc. (The) (HD)

Sirios Capital Management L P cut its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 44.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,499 shares of the home improvement retailer’s stock after selling 115,736 shares during the period. Sirios Capital Management L P’s holdings in Home Depot, Inc. (The) were worth $22,473,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in shares of Home Depot, Inc. (The) during the first quarter worth about $100,000. Riggs Asset Managment Co. Inc. increased its position in shares of Home Depot, Inc. (The) by 114.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after acquiring an additional 397 shares in the last quarter. St. Johns Investment Management Company LLC increased its position in shares of Home Depot, Inc. (The) by 81.8% during the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after acquiring an additional 495 shares in the last quarter. Mascoma Wealth Management LLC increased its position in shares of Home Depot, Inc. (The) by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after acquiring an additional 7 shares in the last quarter. Finally, Ruggie Capital Group increased its position in shares of Home Depot, Inc. (The) by 12.2% during the second quarter. Ruggie Capital Group now owns 1,299 shares of the home improvement retailer’s stock worth $199,000 after acquiring an additional 141 shares in the last quarter. 71.14% of the stock is owned by institutional investors.

Shares of Home Depot, Inc. (NYSE:HD) opened at $172.86 on Wednesday. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. The firm has a market cap of $200,941.33, a P/E ratio of 23.67, a P/E/G ratio of 1.73 and a beta of 1.08. Home Depot, Inc. has a twelve month low of $128.38 and a twelve month high of $172.86.

Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot, Inc. (The) had a net margin of 8.66% and a return on equity of 238.88%. Home Depot, Inc. (The)’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 EPS. analysts forecast that Home Depot, Inc. will post 7.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 49.44%.

In related news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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HD has been the topic of several analyst reports. Vetr cut shares of Home Depot, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $164.18 price target on the stock. in a report on Wednesday, July 26th. BidaskClub cut shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and set a $182.00 price target on shares of Home Depot, Inc. (The) in a report on Thursday, August 10th. Longbow Research restated a “buy” rating and set a $175.00 price target on shares of Home Depot, Inc. (The) in a report on Monday, August 14th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $175.66.

About Home Depot, Inc. (The)

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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