Oliver Lagore Vanvalin Investment Group Sells 200 Shares of The Home Depot, Inc. (NYSE:HD)

Oliver Lagore Vanvalin Investment Group reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 27.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 534 shares of the home improvement retailer’s stock after selling 200 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Home Depot were worth $185,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Smead Capital Management Inc. boosted its stake in Home Depot by 0.7% in the fourth quarter. Smead Capital Management Inc. now owns 453,225 shares of the home improvement retailer’s stock valued at $157,065,000 after acquiring an additional 3,170 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in Home Depot by 6.9% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 15,518 shares of the home improvement retailer’s stock valued at $5,363,000 after acquiring an additional 1,000 shares during the last quarter. Ninety One UK Ltd bought a new position in Home Depot in the fourth quarter valued at approximately $8,239,000. Twin Capital Management Inc. boosted its stake in Home Depot by 616.9% in the fourth quarter. Twin Capital Management Inc. now owns 8,933 shares of the home improvement retailer’s stock valued at $3,096,000 after acquiring an additional 7,687 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its stake in Home Depot by 1.2% in the fourth quarter. Wright Investors Service Inc. now owns 27,513 shares of the home improvement retailer’s stock valued at $9,534,000 after acquiring an additional 324 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction 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 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Evercore ISI reduced their price objective on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday. Wedbush increased their target price on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Bank of America increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a report on Wednesday, February 14th. Finally, Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Stock Up 0.0 %

Shares of HD stock opened at $332.89 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm’s fifty day moving average price is $367.92 and its two-hundred day moving average price is $338.97. The firm has a market capitalization of $329.90 billion, a P/E ratio of 22.05, a PEG ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the business earned $3.30 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

About Home Depot

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.