RFP Financial Group LLC Sells 10,032 Shares of The Home Depot, Inc. (NYSE:HD)

RFP Financial Group LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 50.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,658 shares of the home improvement retailer’s stock after selling 10,032 shares during the period. Home Depot makes up 1.5% of RFP Financial Group LLC’s holdings, making the stock its 16th largest position. RFP Financial Group LLC’s holdings in Home Depot were worth $3,757,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HD. Synergy Asset Management LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $26,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot in the 4th quarter valued at $41,000. Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter worth $46,000. Finally, Finley Financial LLC acquired a new position in Home Depot during the 4th quarter worth $59,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.6 %

NYSE HD opened at $407.39 on Monday. The stock’s 50 day simple moving average is $406.14 and its 200 day simple moving average is $394.24. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market cap of $404.68 billion, a PE ratio of 27.68, 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 announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the prior year, the business earned $3.81 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side 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. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction 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 transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HD. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. DA Davidson upped their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Barclays increased their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada raised their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

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.