Chicago Capital LLC Acquires 9,889 Shares of The Home Depot, Inc. (NYSE:HD)

Chicago Capital LLC increased its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 103.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,475 shares of the home improvement retailer’s stock after buying an additional 9,889 shares during the period. Chicago Capital LLC’s holdings in Home Depot were worth $6,749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. PFG Private Wealth Management LLC grew its stake in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares in the last quarter. Covenant Asset Management LLC raised its position in Home Depot by 10.2% during the fourth quarter. Covenant Asset Management LLC now owns 6,277 shares of the home improvement retailer’s stock valued at $2,175,000 after purchasing an additional 583 shares in the last quarter. Bensler LLC lifted its stake in Home Depot by 0.3% during the fourth quarter. Bensler LLC now owns 12,725 shares of the home improvement retailer’s stock worth $4,410,000 after purchasing an additional 42 shares during the last quarter. PFW Advisors LLC boosted its holdings in shares of Home Depot by 0.9% in the 4th quarter. PFW Advisors LLC now owns 8,082 shares of the home improvement retailer’s stock valued at $2,801,000 after purchasing an additional 76 shares in the last quarter. Finally, Montz Harcus Wealth Management LLC increased its stake in shares of Home Depot by 12.0% in the 4th quarter. Montz Harcus Wealth Management LLC now owns 2,294 shares of the home improvement retailer’s stock valued at $795,000 after purchasing an additional 246 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HD. TD Cowen lifted their price target on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. HSBC downgraded shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price target for the company. in a report on Wednesday, February 21st. Wedbush raised their price objective on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday. Royal Bank of Canada upped their target price on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Finally, Guggenheim boosted their price target on Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $376.15.

View Our Latest Report on Home Depot

Insider Activity

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Home Depot Trading Down 4.1 %

NYSE:HD opened at $367.97 on Tuesday. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The firm has a 50-day moving average price of $369.40 and a two-hundred day moving average price of $335.40. The firm has a market cap of $364.66 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HDGet Free Report) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $3.30 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.45%. Home Depot’s payout ratio is presently 59.60%.

Home Depot Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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