Sunburst Financial Group LLC Sells 145 Shares of The Home Depot, Inc. (NYSE:HD)

Sunburst Financial Group LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,050 shares of the home improvement retailer’s stock after selling 145 shares during the quarter. Sunburst Financial Group LLC’s holdings in Home Depot were worth $798,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SFE Investment Counsel acquired a new stake in shares of Home Depot during the fourth quarter worth $210,000. Avestar Capital LLC increased its holdings in Home Depot by 8.2% during the 4th quarter. Avestar Capital LLC now owns 7,424 shares of the home improvement retailer’s stock worth $2,888,000 after purchasing an additional 561 shares in the last quarter. MGB Wealth Management LLC raised its stake in shares of Home Depot by 1.4% in the 4th quarter. MGB Wealth Management LLC now owns 6,741 shares of the home improvement retailer’s stock valued at $2,623,000 after purchasing an additional 94 shares during the period. Morris Financial Concepts Inc. lifted its holdings in shares of Home Depot by 11.6% in the fourth quarter. Morris Financial Concepts Inc. now owns 1,748 shares of the home improvement retailer’s stock valued at $680,000 after purchasing an additional 182 shares in the last quarter. Finally, Snider Financial Group boosted its position in shares of Home Depot by 90.7% during the fourth quarter. Snider Financial Group now owns 1,436 shares of the home improvement retailer’s stock worth $559,000 after buying an additional 683 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’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 completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, 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. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent research reports. Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada boosted their price objective 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. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.00.

Home Depot Stock Up 1.4 %

HD opened at $412.64 on Friday. The stock has a fifty day moving average of $405.21 and a 200-day moving average of $395.46. The company has a market capitalization of $409.90 billion, a P/E ratio of 28.03, a P/E/G ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the company earned $3.81 EPS. The business’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

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.