Sawgrass Asset Management LLC Sells 2,389 Shares of The Home Depot, Inc. (NYSE:HD)

Sawgrass Asset Management LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 6.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 36,807 shares of the home improvement retailer’s stock after selling 2,389 shares during the quarter. Home Depot comprises 1.6% of Sawgrass Asset Management LLC’s holdings, making the stock its 19th biggest position. Sawgrass Asset Management LLC’s holdings in Home Depot were worth $14,318,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. PrairieView Partners LLC lifted its stake in Home Depot by 3.7% in the fourth quarter. PrairieView Partners LLC now owns 1,402 shares of the home improvement retailer’s stock valued at $545,000 after buying an additional 50 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Home Depot by 5.9% during the fourth quarter. Hemington Wealth Management now owns 2,423 shares of the home improvement retailer’s stock worth $942,000 after acquiring an additional 135 shares during the period. Park Capital Management LLC WI bought a new stake in Home Depot in the 4th quarter valued at $1,078,000. Consolidated Planning Corp boosted its stake in Home Depot by 3.3% in the 4th quarter. Consolidated Planning Corp now owns 29,729 shares of the home improvement retailer’s stock worth $11,564,000 after purchasing an additional 960 shares during the period. Finally, Raab & Moskowitz Asset Management LLC increased its holdings in Home Depot by 10.9% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 10,691 shares of the home improvement retailer’s stock worth $4,159,000 after purchasing an additional 1,049 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of HD opened at $412.64 on Friday. The company’s 50-day moving average is $405.21 and its 200-day moving average is $395.46. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market capitalization of $409.90 billion, a PE ratio of 28.03, a PEG 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.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.81 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HD. Stifel Nicolaus boosted their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Sanford C. Bernstein initiated coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $455.00 in a report on Friday, November 8th. Finally, Morgan Stanley increased their target price on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $431.00.

Insider Activity

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated 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 in the company, valued at $31,727,562. This trade represents 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.

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.