Value Partners Investments Inc. Has $2.04 Million Stake in The Home Depot, Inc. (NYSE:HD)

Value Partners Investments Inc. lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 91.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,251 shares of the home improvement retailer's stock after selling 56,364 shares during the period. Value Partners Investments Inc.'s holdings in Home Depot were worth $2,041,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HD. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Royal Bank of Canada cut their price target 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. Jefferies Financial Group lowered their price objective on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $415.00 target price (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Price Performance

HD traded up $0.02 during trading on Thursday, reaching $368.08. The stock had a trading volume of 2,520,505 shares, compared to its average volume of 3,426,995. The stock has a 50 day moving average of $360.70 and a two-hundred day moving average of $386.56. The firm has a market capitalization of $365.88 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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 business had revenue of $39.86 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.63 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot's dividend payout ratio is 62.42%.

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.