Courier Capital LLC Sells 1,123 Shares of The Home Depot, Inc. (NYSE:HD)

Courier Capital LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,578 shares of the home improvement retailer’s stock after selling 1,123 shares during the period. Courier Capital LLC’s holdings in Home Depot were worth $4,893,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in shares of Home Depot by 7.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 34,539 shares of the home improvement retailer’s stock valued at $11,890,000 after purchasing an additional 2,434 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in Home Depot in the second quarter valued at approximately $82,000. Marble Harbor Investment Counsel LLC boosted its holdings in shares of Home Depot by 2.2% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 9,185 shares of the home improvement retailer’s stock worth $3,162,000 after buying an additional 200 shares in the last quarter. Bcwm LLC grew its position in shares of Home Depot by 15.6% during the 2nd quarter. Bcwm LLC now owns 27,489 shares of the home improvement retailer’s stock worth $9,463,000 after buying an additional 3,718 shares during the period. Finally, Capital Wealth Planning LLC increased its stake in shares of Home Depot by 6.9% in the 2nd quarter. Capital Wealth Planning LLC now owns 1,419,580 shares of the home improvement retailer’s stock valued at $488,676,000 after acquiring an additional 91,267 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Guggenheim raised their price target on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Barclays raised their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. TD Cowen boosted their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Bank of America upped their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Insider Transactions at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the company’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 transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s 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 completion of 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

HD opened at $389.65 on Tuesday. The firm has a market cap of $387.06 billion, a P/E ratio of 26.47, a PEG ratio of 2.90 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a 50-day moving average of $406.03 and a 200 day moving average of $386.31.

Home Depot (NYSE:HD) last released its earnings results 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 firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.81 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. Home Depot’s payout ratio 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.