Westside Investment Management Inc. lessened its position in shares of Home Depot Inc (NYSE:HD) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,165 shares of the home improvement retailer’s stock after selling 55 shares during the period. Westside Investment Management Inc.’s holdings in Home Depot were worth $200,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of HD. Private Ocean LLC raised its position in shares of Home Depot by 53.3% in the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 72 shares in the last quarter. Ironwood Financial llc raised its position in Home Depot by 39.5% during the fourth quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock valued at $49,000 after purchasing an additional 81 shares in the last quarter. Avondale Wealth Management raised its position in Home Depot by 52.4% during the fourth quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock valued at $60,000 after purchasing an additional 120 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $61,000. Finally, Fusion Family Wealth LLC raised its position in Home Depot by 43.6% during the fourth quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock valued at $70,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 70.93% of the company’s stock.
Shares of NYSE:HD opened at $191.93 on Monday. The firm has a market cap of $212.59 billion, a PE ratio of 19.41, a P/E/G ratio of 1.67 and a beta of 1.09. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.11 and a quick ratio of 0.28. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $215.43.
Home Depot announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 26th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Ann Marie Campbell sold 5,450 shares of the company’s stock in a transaction 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 directly owns 51,030 shares in the company, valued at $9,423,710.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Holifield sold 12,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $183.60, for a total transaction of $2,203,200.00. Following the completion of the sale, the executive vice president now directly owns 39,794 shares in the company, valued at approximately $7,306,178.40. The disclosure for this sale can be found here. Insiders have sold 41,194 shares of company stock valued at $7,553,141 over the last quarter. Company insiders own 0.27% of the company’s stock.
Several brokerages have commented on HD. Robert W. Baird restated a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Morgan Stanley boosted their price objective on shares of Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Telsey Advisory Group restated a “market perform” rating and set a $192.00 price objective on shares of Home Depot in a research report on Wednesday, May 1st. Zacks Investment Research downgraded 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 price objective on shares of Home Depot in a research report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and a consensus price target of $204.71.
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Home Depot Profile
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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