Vontobel Holding Ltd. Raises Stake in The Home Depot, Inc. (NYSE:HD)

Vontobel Holding Ltd. boosted its position in The Home Depot, Inc. (NYSE:HD) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,412 shares of the home improvement retailer’s stock after buying an additional 107,698 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.06% of Home Depot worth $215,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Financial Partners LLC lifted its position in Home Depot by 3.1% in the fourth quarter. Catalyst Financial Partners LLC now owns 4,483 shares of the home improvement retailer’s stock valued at $1,744,000 after purchasing an additional 136 shares during the last quarter. SFE Investment Counsel bought a new stake in Home Depot in the fourth quarter valued at approximately $210,000. Avestar Capital LLC lifted its position in Home Depot by 8.2% in the fourth quarter. Avestar Capital LLC now owns 7,424 shares of the home improvement retailer’s stock valued at $2,888,000 after purchasing an additional 561 shares during the last quarter. MGB Wealth Management LLC lifted its position in Home Depot by 1.4% in the fourth 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 last quarter. Finally, Morris Financial Concepts Inc. lifted its position in 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 during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HD shares. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Morgan Stanley upped their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a report on Friday, November 8th. TD Cowen upped their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company upped their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated 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 owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This 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 currently owned by insiders.

Home Depot Trading Down 0.7 %

NYSE HD opened at $409.47 on Friday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market cap of $406.76 billion, a P/E ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05. The stock’s fifty day moving average price is $404.93 and its 200-day moving average price is $395.58. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating 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 period last year, the firm posted $3.81 earnings per share. Home Depot’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

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.