Alta Capital Management LLC Has $47.47 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Alta Capital Management LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,985 shares of the home improvement retailer’s stock after selling 4,851 shares during the quarter. Home Depot comprises 3.1% of Alta Capital Management LLC’s portfolio, making the stock its 12th biggest position. Alta Capital Management LLC’s holdings in Home Depot were worth $47,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of HD. VisionPoint Advisory Group LLC bought a new stake in shares of Home Depot during the 2nd quarter worth $26,000. Fairfield Bush & CO. bought a new position in Home Depot in the first quarter valued at about $27,000. PFG Private Wealth Management LLC increased its stake in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the period. KB Financial Partners LLC acquired a new stake in shares of Home Depot in the first quarter valued at about $28,000. Finally, Studio Investment Management LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $32,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 1.4 %

Shares of Home Depot stock opened at $363.00 on Wednesday. The firm has a market capitalization of $359.74 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98. The company’s fifty day moving average price is $369.63 and its two-hundred day moving average price is $335.67. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for 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 company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.30 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.48%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HD. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. Wells Fargo & Company raised their target price on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Citigroup boosted their target price on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, Mizuho assumed coverage on Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $376.35.

Insiders Place Their Bets

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

Home Depot 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.