Home Depot Inc (HD) Shares Sold by Ballast Inc.

Ballast Inc. trimmed its holdings in shares of Home Depot Inc (NYSE:HD) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,173 shares of the home improvement retailer’s stock after selling 591 shares during the quarter. Ballast Inc.’s holdings in Home Depot were worth $373,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HD. Nippon Life Global Investors Americas Inc. grew its position in shares of Home Depot by 4.9% during the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 129,139 shares of the home improvement retailer’s stock worth $26,751,000 after purchasing an additional 6,050 shares in the last quarter. Compass Capital Management Inc. grew its position in shares of Home Depot by 21.9% during the 3rd quarter. Compass Capital Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $491,000 after purchasing an additional 426 shares in the last quarter. Penobscot Investment Management Company Inc. grew its position in shares of Home Depot by 5.2% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 31,123 shares of the home improvement retailer’s stock worth $6,447,000 after purchasing an additional 1,530 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Home Depot by 8.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,254 shares of the home improvement retailer’s stock worth $924,000 after purchasing an additional 392 shares in the last quarter. Finally, JNBA Financial Advisors grew its position in shares of Home Depot by 15.9% during the 3rd quarter. JNBA Financial Advisors now owns 2,868 shares of the home improvement retailer’s stock worth $594,000 after purchasing an additional 394 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Shares of Home Depot stock opened at $194.58 on Friday. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $215.43. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68. The company has a market cap of $215.10 billion, a PE ratio of 19.67, a PEG ratio of 1.74 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.09. The company had revenue of $26.49 billion during the quarter, compared to the consensus estimate of $26.57 billion. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.69 EPS. On average, research analysts forecast that Home Depot Inc will post 10.09 earnings per share for the current year.

Home Depot declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 26th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

In other Home Depot news, EVP Edward P. Decker sold 23,744 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total value of $4,343,489.92. Following the completion of the transaction, the executive vice president now directly owns 86,813 shares in the company, valued at approximately $15,880,702.09. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 5,450 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the completion of the transaction, the executive vice president now owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The disclosure for this sale can be found here. In the last three months, insiders sold 41,194 shares of company stock valued at $7,553,141. 0.27% of the stock is owned by insiders.

A number of research analysts have issued reports on the stock. Robert W. Baird restated a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Morgan Stanley increased their target price on shares of Home Depot from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Telsey Advisory Group restated a “market perform” rating and set a $192.00 target price on shares of Home Depot in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Bank of America restated a “neutral” rating and set a $202.00 target price on shares of Home Depot in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $204.71.

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About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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