Sage Capital Advisors llc Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Sage Capital Advisors llc boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,466 shares of the home improvement retailer’s stock after purchasing an additional 143 shares during the period. Home Depot accounts for 2.0% of Sage Capital Advisors llc’s holdings, making the stock its 11th largest position. Sage Capital Advisors llc’s holdings in Home Depot were worth $7,572,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HD. Fairway Wealth LLC acquired a new position in shares of Home Depot during the second quarter worth about $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the third quarter worth $41,000. Livelsberger Financial Advisory purchased a new position in Home Depot in the third quarter valued at $46,000. Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot in the second quarter valued at $47,000. Finally, Quarry LP raised its position in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after acquiring an additional 36 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the 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 sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several research reports. Barclays boosted their target price on 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 target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Oppenheimer increased their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Mizuho upped their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Bank of America increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Trading Up 1.2 %

NYSE HD traded up $4.50 during mid-day trading on Friday, hitting $391.70. The company’s stock had a trading volume of 3,172,303 shares, compared to its average volume of 2,672,708. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock’s fifty day simple moving average is $406.19 and its two-hundred day simple moving average is $385.06. The firm has a market capitalization of $389.10 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.30%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.