Davidson Capital Management Inc. Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Davidson Capital Management Inc. increased its position in The Home Depot, Inc. (NYSE:HD) by 3.7% in the 4th quarter, Holdings Channel reports. The firm owned 9,302 shares of the home improvement retailer’s stock after buying an additional 333 shares during the period. Home Depot makes up 1.0% of Davidson Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. Davidson Capital Management Inc.’s holdings in Home Depot were worth $3,618,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HD. Synergy Asset Management LLC purchased a new position in Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the fourth quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the third quarter worth about $41,000. Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth about $41,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot in the 3rd quarter valued at about $46,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD opened at $407.20 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company’s 50-day moving average price is $405.62 and its 200 day moving average price is $395.38. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock has a market cap of $404.50 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $3.81 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HD shares. Mizuho lifted their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI raised their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company lifted their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $428.85.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Company 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.