Cable Hill Partners LLC Decreases Stock Position in The Home Depot, Inc. (NYSE:HD)

Cable Hill Partners LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 1.5% in the third quarter, Holdings Channel reports. The institutional investor owned 3,175 shares of the home improvement retailer’s stock after selling 48 shares during the period. Cable Hill Partners LLC’s holdings in Home Depot were worth $1,286,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Abacus Wealth Partners LLC lifted its position in shares of Home Depot by 3.7% during the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock worth $285,000 after buying an additional 25 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in Home Depot by 0.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock valued at $1,469,000 after buying an additional 25 shares during the period. Ruedi Wealth Management Inc. lifted its stake in Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 27 shares during the period. Acorn Creek Capital LLC grew its stake in shares of Home Depot by 3.4% in the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after buying an additional 28 shares during the period. Finally, Consolidated Portfolio Review Corp increased its stake in Home Depot by 1.9% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 1,524 shares of the home improvement retailer’s stock valued at $617,000 after purchasing an additional 28 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $410.39 on Thursday. The company has a market cap of $407.64 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.79 and a beta of 1.01. The business has a fifty day simple moving average of $396.76 and a 200-day simple moving average of $365.25. The Home Depot, Inc. has a 52 week low of $300.14 and a 52 week high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.81 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 14.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HD shares. Oppenheimer raised their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Guggenheim upped their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Mizuho lifted their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $426.00.

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.