The Home Depot, Inc. (NYSE:HD) Shares Sold by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 10.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 692 shares of the home improvement retailer’s stock after selling 85 shares during the period. Riggs Asset Managment Co. Inc.’s holdings in Home Depot were worth $269,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in Home Depot in the 4th quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the third quarter valued at approximately $46,000. Finally, Finley Financial LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the 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 owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated 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 owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of Home Depot stock opened at $409.18 on Tuesday. The firm has a market cap of $406.46 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The firm’s 50-day simple moving average is $407.86 and its 200-day simple moving average is $392.76. 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 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last issued its 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. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.81 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Evercore ISI increased their target price 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. Finally, Royal Bank of Canada increased their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. 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 company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

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.