Bristlecone Advisors LLC Sells 282 Shares of The Home Depot, Inc. (NYSE:HD)

Bristlecone Advisors LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 18,260 shares of the home improvement retailer’s stock after selling 282 shares during the period. Bristlecone Advisors LLC’s holdings in Home Depot were worth $7,103,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Synergy Asset Management LLC bought a new position in Home Depot during the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the fourth quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot during the third quarter valued at $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot during the fourth quarter valued at $41,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot during the third quarter valued at $46,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein started coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. DA Davidson upped their price target 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. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, 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 research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $428.78.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

Shares of Home Depot stock opened at $414.25 on Tuesday. The firm has a market capitalization of $411.50 billion, a P/E ratio of 28.14, a PEG ratio of 4.22 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a 50 day moving average price of $406.14 and a 200 day moving average price of $394.55. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the company earned $3.81 EPS. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.