Oliver Luxxe Assets LLC Cuts Holdings in Home Depot Inc (HD)

Oliver Luxxe Assets LLC reduced its position in shares of Home Depot Inc (NYSE:HD) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,687 shares of the home improvement retailer’s stock after selling 1,545 shares during the period. Oliver Luxxe Assets LLC’s holdings in Home Depot were worth $2,491,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC grew its position in shares of Home Depot by 0.4% in the second quarter. FMR LLC now owns 28,997,912 shares of the home improvement retailer’s stock valued at $5,657,493,000 after purchasing an additional 109,499 shares in the last quarter. Morgan Stanley grew its position in shares of Home Depot by 11.4% in the second quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock valued at $1,889,985,000 after purchasing an additional 991,466 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Home Depot by 2.6% in the second quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock valued at $844,119,000 after purchasing an additional 108,535 shares in the last quarter. Swiss National Bank grew its position in shares of Home Depot by 2.9% in the second quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock valued at $789,299,000 after purchasing an additional 115,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Home Depot by 3.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock valued at $758,772,000 after purchasing an additional 114,785 shares in the last quarter. Institutional investors own 69.85% of the company’s stock.

HD opened at $172.79 on Friday. Home Depot Inc has a one year low of $167.00 and a one year high of $215.43. The company has a market capitalization of $198.75 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.26. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The firm had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. During the same period in the prior year, the firm posted $1.84 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts anticipate that Home Depot Inc will post 9.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Wednesday, November 28th. Home Depot’s dividend payout ratio is presently 55.23%.

In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the transaction, the chief executive officer now directly owns 264,970 shares in the company, valued at $47,805,887.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 13,457 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $172.64, for a total value of $2,323,216.48. Following the transaction, the executive vice president now owns 56,198 shares in the company, valued at $9,702,022.72. The disclosure for this sale can be found here. Insiders have acquired 13,750 shares of company stock worth $2,401,470 over the last 90 days. 0.25% of the stock is owned by insiders.

HD has been the subject of a number of analyst reports. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target for the company in a research report on Friday, October 5th. Wells Fargo & Co restated a “buy” rating and issued a $230.00 price target on shares of Home Depot in a research report on Sunday, September 16th. Bank of America lowered Home Depot from a “buy” rating to a “neutral” rating and dropped their price target for the company from $219.00 to $195.00 in a research report on Friday, November 16th. Morgan Stanley upped their price target on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, October 11th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $204.00 price target (down from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Home Depot has a consensus rating of “Buy” and a consensus price target of $206.67.

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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 d├ęcor 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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