Gradient Capital Advisors LLC Sells 55 Shares of The Home Depot, Inc. (NYSE:HD)

Gradient Capital Advisors LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,416 shares of the home improvement retailer’s stock after selling 55 shares during the quarter. Gradient Capital Advisors LLC’s holdings in Home Depot were worth $940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot in the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter worth $41,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the third quarter worth $46,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Bank of America increased their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company increased their price objective on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. 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. Finally, TD Cowen increased their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $428.85.

Home Depot Stock Down 2.2 %

NYSE HD opened at $407.20 on Thursday. The stock’s 50-day moving average price is $405.62 and its 200-day moving average price is $395.38. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a market capitalization of $404.50 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.81 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred 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 sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred 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 sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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.