The Home Depot, Inc. (NYSE:HD) Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 36.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,887 shares of the home improvement retailer’s stock after selling 1,064 shares during the period. Banque Pictet & Cie SA’s holdings in Home Depot were worth $734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. W.H. Cornerstone Investments Inc. increased its position in Home Depot by 47.2% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 1,400 shares of the home improvement retailer’s stock worth $545,000 after purchasing an additional 449 shares during the last quarter. CFC Planning Co LLC acquired a new stake in shares of Home Depot in the fourth quarter worth $315,000. Littlejohn Financial Services Inc. acquired a new stake in shares of Home Depot in the fourth quarter worth $287,000. Root Financial Partners LLC increased its position in shares of Home Depot by 35.3% in the fourth quarter. Root Financial Partners LLC now owns 2,260 shares of the home improvement retailer’s stock worth $879,000 after acquiring an additional 590 shares in the last quarter. Finally, Values Added Financial LLC increased its position in shares of Home Depot by 19.9% in the fourth quarter. Values Added Financial LLC now owns 2,380 shares of the home improvement retailer’s stock worth $926,000 after acquiring an additional 395 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada increased their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, TD Cowen raised their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Trading Down 0.7 %

Home Depot stock opened at $409.47 on Friday. The firm’s 50-day moving average is $404.93 and its 200-day moving average is $395.58. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market cap of $406.76 billion, a P/E ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $3.81 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.