Matisse Capital Decreases Position in The Home Depot, Inc. (NYSE:HD)

Matisse Capital trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 18.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,416 shares of the home improvement retailer’s stock after selling 316 shares during the period. Matisse Capital’s holdings in Home Depot were worth $551,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Synergy Asset Management LLC purchased a new stake in Home Depot during the 4th quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the third quarter worth about $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $41,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the 3rd quarter valued at about $46,000. Finally, Finley Financial LLC bought a new position in Home Depot during the 4th quarter valued at approximately $59,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.7 %

Home Depot stock opened at $411.79 on Wednesday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business’s fifty day moving average is $407.47 and its 200 day moving average is $393.07. The stock has a market capitalization of $409.05 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the firm posted $3.81 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HD. Morgan Stanley boosted their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company upped their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Evercore ISI increased their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and upped their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s 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 sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last ninety days. 0.10% of the stock is currently owned by company insiders.

Home Depot Company 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.