The Home Depot, Inc. (NYSE:HD) Stock Position Decreased by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 20.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,423 shares of the home improvement retailer’s stock after selling 1,112 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Home Depot were worth $1,792,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HD. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Home Depot by 2.8% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 7,405 shares of the home improvement retailer’s stock valued at $3,001,000 after purchasing an additional 200 shares during the last quarter. Schneider Downs Wealth Management Advisors LP raised its holdings in Home Depot by 4.2% during the third quarter. Schneider Downs Wealth Management Advisors LP now owns 869 shares of the home improvement retailer’s stock valued at $352,000 after buying an additional 35 shares in the last quarter. Kinsale Capital Group Inc. raised its holdings in Home Depot by 17.0% during the third quarter. Kinsale Capital Group Inc. now owns 19,084 shares of the home improvement retailer’s stock valued at $7,733,000 after buying an additional 2,771 shares in the last quarter. River Street Advisors LLC lifted its position in shares of Home Depot by 1.1% in the third quarter. River Street Advisors LLC now owns 3,588 shares of the home improvement retailer’s stock worth $1,454,000 after buying an additional 38 shares during the last quarter. Finally, LJI Wealth Management LLC boosted its stake in shares of Home Depot by 1.7% during the 3rd quarter. LJI Wealth Management LLC now owns 1,667 shares of the home improvement retailer’s stock worth $675,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $408.18 on Friday. The business has a 50 day simple moving average of $399.51 and a 200 day simple moving average of $366.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The company has a market capitalization of $405.44 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period last year, the business earned $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. UBS Group raised their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada lifted their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Guggenheim upped their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

About Home Depot

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.