Oak Ridge Investments LLC Decreases Position in Home Depot Inc (NYSE:HD)

Oak Ridge Investments LLC lowered its position in Home Depot Inc (NYSE:HD) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,622 shares of the home improvement retailer’s stock after selling 104 shares during the quarter. Oak Ridge Investments LLC’s holdings in Home Depot were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtus ETF Advisers LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at $32,000. Enlightenment Research LLC purchased a new position in Home Depot in the fourth quarter worth about $34,000. Private Ocean LLC boosted its position in Home Depot by 53.3% in the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares during the last quarter. Ironwood Financial llc boosted its position in Home Depot by 39.5% in the fourth quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after purchasing an additional 81 shares during the last quarter. Finally, Avondale Wealth Management boosted its position in Home Depot by 52.4% in the fourth quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 120 shares during the last quarter. 69.34% of the stock is owned by institutional investors and hedge funds.

Shares of Home Depot stock traded up $2.31 on Monday, reaching $210.28. The company had a trading volume of 4,094,903 shares, compared to its average volume of 4,357,301. The firm’s 50-day simple moving average is $198.60. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $215.43. The company has a current ratio of 1.04, a quick ratio of 0.26 and a debt-to-equity ratio of 17.68. The firm has a market capitalization of $228.83 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.10. Home Depot had a return on equity of 1,441.05% and a net margin of 10.24%. The company had revenue of $26.38 billion during the quarter, compared to analysts’ expectations of $26.34 billion. During the same quarter in the previous year, the business earned $2.08 EPS. Home Depot’s revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Home Depot Inc will post 10.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Wednesday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 55.01%.

Several research analysts have issued reports on HD shares. Zacks Investment Research cut Home Depot from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Telsey Advisory Group reissued a “market perform” rating and issued a $192.00 target price on shares of Home Depot in a research report on Wednesday, May 1st. Royal Bank of Canada dropped their target price on Home Depot from $223.00 to $217.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Robert W. Baird reaffirmed a “positive” rating on shares of Home Depot in a research note on Thursday, April 25th. Finally, Citigroup decreased their price objective on Home Depot from $224.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and an average target price of $205.29.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 8,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the sale, the executive vice president now owns 13,357 shares in the company, valued at approximately $2,596,333.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 13,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the sale, the executive vice president now owns 64,575 shares in the company, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,522 shares of company stock valued at $16,156,831. 0.27% of the stock is currently owned by corporate insiders.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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