WFA of San Diego LLC Has $323,000 Stake in The Home Depot, Inc. (NYSE:HD)

WFA of San Diego LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 27.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,041 shares of the home improvement retailer’s stock after selling 395 shares during the period. WFA of San Diego LLC’s holdings in Home Depot were worth $323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Kalos Management Inc. acquired a new stake in Home Depot in the 1st quarter valued at $26,000. Fairfield Bush & CO. bought a new stake in Home Depot during the first quarter worth about $27,000. KB Financial Partners LLC acquired a new position in Home Depot during the first quarter valued at approximately $28,000. Studio Investment Management LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot in the first quarter valued at approximately $37,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the subject of several recent analyst reports. Barclays increased their price objective on Home Depot from $310.00 to $333.00 and gave the company an “equal weight” rating in a report on Tuesday, August 15th. Oppenheimer restated an “outperform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Wednesday, November 15th. Sanford C. Bernstein raised their target price on shares of Home Depot from $314.00 to $328.00 and gave the company a “market perform” rating in a research note on Wednesday, August 16th. Wedbush boosted their price target on Home Depot from $290.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 16th. Finally, Guggenheim cut their price objective on Home Depot from $360.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Twelve equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $339.57.

Home Depot Price Performance

Shares of NYSE:HD traded down $0.57 during midday trading on Monday, hitting $306.70. The stock had a trading volume of 334,524 shares, compared to its average volume of 3,613,474. The company has a quick ratio of 0.35, a current ratio of 1.30 and a debt-to-equity ratio of 28.37. The company has a market capitalization of $306.72 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93. The company’s 50-day moving average price is $298.63 and its 200-day moving average price is $306.73. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $347.25.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.06. The business had revenue of $37.71 billion for the quarter, compared to analyst estimates of $37.59 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. Home Depot’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $4.24 earnings per share. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.05 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a dividend of $2.09 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.73%. Home Depot’s payout ratio is presently 53.66%.

Home Depot announced that its board has approved a share repurchase plan on Tuesday, August 15th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 6,091 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $324.22, for a total value of $1,974,824.02. Following the completion of the transaction, the executive vice president now directly owns 22,749 shares in the company, valued at $7,375,680.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Kimberly R. Scardino sold 1,600 shares of Home Depot stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $326.69, for a total transaction of $522,704.00. Following the transaction, the chief accounting officer now owns 8,281 shares in the company, valued at $2,705,319.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 6,091 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $324.22, for a total value of $1,974,824.02. Following the completion of the sale, the executive vice president now owns 22,749 shares of the company’s stock, valued at $7,375,680.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,186 shares of company stock worth $6,862,827. Corporate insiders own 0.19% of the company’s stock.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. 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.