Vicus Capital Sells 1,492 Shares of The Home Depot, Inc. (NYSE:HD)

Vicus Capital decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,061 shares of the home improvement retailer’s stock after selling 1,492 shares during the quarter. Vicus Capital’s holdings in Home Depot were worth $714,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HD. Fairfield Bush & CO. bought a new position in Home Depot during the 1st quarter worth approximately $27,000. KB Financial Partners LLC bought a new stake in shares of Home Depot in the 1st quarter valued at $28,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC increased its stake in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Studio Investment Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at $32,000. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated 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 sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $335.36 on Monday. The company has a market capitalization of $332.35 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.23 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. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a 50-day simple moving average of $367.36 and a 200 day simple moving average of $339.88.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate 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 net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.68%. Home Depot’s payout ratio is currently 59.60%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup lifted their price objective on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Guggenheim reiterated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. HSBC reiterated a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a research note on Wednesday, April 3rd. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $375.96.

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.