The Home Depot, Inc. (NYSE:HD) Shares Sold by Sather Financial Group Inc

Sather Financial Group Inc cut its stake in The Home Depot, Inc. (NYSE:HD) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 7,467 shares of the home improvement retailer’s stock after selling 150 shares during the period. Sather Financial Group Inc’s holdings in Home Depot were worth $2,905,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Portfolio Design Labs LLC grew its holdings in Home Depot by 17.2% during the fourth quarter. Portfolio Design Labs LLC now owns 6,461 shares of the home improvement retailer’s stock worth $2,513,000 after acquiring an additional 949 shares during the period. Augustine Asset Management Inc. lifted its holdings in Home Depot by 3.8% in the 4th quarter. Augustine Asset Management Inc. now owns 984 shares of the home improvement retailer’s stock valued at $383,000 after acquiring an additional 36 shares during the last quarter. Quent Capital LLC boosted its position in shares of Home Depot by 6.5% during the 4th quarter. Quent Capital LLC now owns 8,810 shares of the home improvement retailer’s stock valued at $3,427,000 after purchasing an additional 540 shares in the last quarter. Cardinal Strategic Wealth Guidance grew its stake in shares of Home Depot by 18.9% in the 4th quarter. Cardinal Strategic Wealth Guidance now owns 4,247 shares of the home improvement retailer’s stock worth $1,652,000 after purchasing an additional 675 shares during the last quarter. Finally, Balentine LLC raised its holdings in shares of Home Depot by 16.8% in the 4th quarter. Balentine LLC now owns 1,696 shares of the home improvement retailer’s stock worth $660,000 after purchasing an additional 244 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value 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 $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $407.20 on Thursday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock’s 50-day moving average is $405.62 and its two-hundred day moving average is $395.38. The firm has a market cap of $404.50 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 4.22 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 issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $3.81 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HD shares. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday. Bank of America raised their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. DA Davidson boosted their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Finally, Barclays boosted their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $428.85.

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.