NorthCrest Asset Manangement LLC Has $37.09 Million Stake in The Home Depot, Inc. (NYSE:HD)

NorthCrest Asset Manangement LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 72.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 95,360 shares of the home improvement retailer's stock after acquiring an additional 40,095 shares during the quarter. Home Depot comprises approximately 1.1% of NorthCrest Asset Manangement LLC's holdings, making the stock its 16th largest position. NorthCrest Asset Manangement LLC's holdings in Home Depot were worth $37,094,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Synergy Asset Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the 4th quarter worth about $28,000. Navigoe LLC purchased a new position in Home Depot in the 4th quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the 4th quarter worth about $32,000. Finally, Quarry LP boosted its holdings in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the period. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. Gordon Haskett raised their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Mizuho reduced their target price on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Wells Fargo & Company dropped their target price on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Robert W. Baird decreased their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Finally, Royal Bank of Canada cut their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Down 0.1%

Shares of HD traded down $0.44 during midday trading on Friday, hitting $367.85. The stock had a trading volume of 4,110,311 shares, compared to its average volume of 3,424,960. The company has a 50 day simple moving average of $360.92 and a two-hundred day simple moving average of $385.73. The Home Depot, Inc. has a twelve month low of $323.93 and a twelve month high of $439.37. The firm has a market cap of $365.98 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.63 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president now owns 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. 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.