Kanawha Capital Management LLC Has $10.68 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Kanawha Capital Management LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 27,458 shares of the home improvement retailer’s stock after selling 28 shares during the quarter. Kanawha Capital Management LLC’s holdings in Home Depot were worth $10,681,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HD. Synergy Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot during the fourth quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the third quarter worth $41,000. Sugar Maple Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter worth $41,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Home Depot during the third quarter worth $46,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.7 %

Shares of HD opened at $409.47 on Friday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm has a market cap of $406.76 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The firm’s 50-day simple moving average is $404.93 and its 200 day simple moving average is $395.58. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HD shares. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % 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 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.