The Home Depot, Inc. (NYSE:HD) Position Lessened by Regatta Capital Group LLC

Regatta Capital Group LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,924 shares of the home improvement retailer’s stock after selling 94 shares during the quarter. Regatta Capital Group LLC’s holdings in Home Depot were worth $1,137,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Navis Wealth Advisors LLC raised its holdings in shares of Home Depot by 19.3% during the fourth quarter. Navis Wealth Advisors LLC now owns 1,324 shares of the home improvement retailer’s stock valued at $515,000 after buying an additional 214 shares during the last quarter. Clarendon Private LLC bought a new stake in Home Depot during the 4th quarter valued at $627,000. Avaii Wealth Management LLC bought a new stake in Home Depot during the 4th quarter valued at $239,000. Affinity Wealth Management LLC boosted its position in Home Depot by 2.5% during the 4th quarter. Affinity Wealth Management LLC now owns 18,467 shares of the home improvement retailer’s stock worth $7,184,000 after acquiring an additional 458 shares during the period. Finally, Vista Investment Partners LLC grew its stake in shares of Home Depot by 1.3% in the fourth quarter. Vista Investment Partners LLC now owns 11,717 shares of the home improvement retailer’s stock worth $4,558,000 after purchasing an additional 145 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Down 1.4 %

HD stock opened at $418.83 on Wednesday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a fifty day simple moving average of $407.42 and a 200 day simple moving average of $391.36. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market cap of $416.04 billion, a PE ratio of 28.45, a PEG ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during 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 business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.81 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.15%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HD shares. Morgan Stanley lifted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price 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.