Regent Investment Management LLC Sells 50 Shares of The Home Depot, Inc. (NYSE:HD)

Home Depot logoRegent Investment Management LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 8,584 shares of the home improvement retailer’s stock after selling 50 shares during the period. Regent Investment Management LLC’s holdings in Home Depot were worth $2,711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fairfield Bush & CO. acquired a new stake in Home Depot in the 1st quarter valued at about $27,000. Glassy Mountain Advisors Inc. bought a new position in shares of Home Depot during the 4th quarter worth approximately $30,000. First Personal Financial Services increased its holdings in shares of Home Depot by 81.1% during the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 43 shares during the last quarter. Align Wealth Management LLC bought a new stake in Home Depot in the 4th quarter valued at $30,000. Finally, EWG Elevate Inc. bought a new position in Home Depot during the fourth quarter worth $36,000. Institutional investors own 68.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. Cowen dropped their price objective on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. Bank of America lowered their price target on shares of Home Depot from $360.00 to $346.00 in a report on Wednesday, February 22nd. Roth Mkm reduced their price objective on Home Depot from $312.00 to $292.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. The Telsey Advisory Group lowered their target price on Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. Finally, Citigroup dropped their price target on Home Depot from $340.00 to $332.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Thirteen equity research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $329.89.

Home Depot Stock Down 0.0 %

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Shares of NYSE HD opened at $288.61 on Friday. The company has a market cap of $292.27 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.67 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $347.25. The stock has a 50-day moving average price of $300.60 and a two-hundred day moving average price of $303.83.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.04. The company had revenue of $35.83 billion for the quarter, compared to analyst estimates of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.21 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.

Home Depot Increases Dividends

The company also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were paid a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date of this dividend was Wednesday, March 8th. Home Depot’s dividend payout ratio is presently 50.12%.

Home Depot Profile

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The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: US, Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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