Accent Capital Management LLC Has $1.46 Million Stake in The Home Depot, Inc. (NYSE:HD)

Accent Capital Management LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 171.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,606 shares of the home improvement retailer's stock after acquiring an additional 2,278 shares during the period. Home Depot accounts for about 0.8% of Accent Capital Management LLC's holdings, making the stock its 24th biggest position. Accent Capital Management LLC's holdings in Home Depot were worth $1,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WFA Asset Management Corp grew its holdings in Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer's stock worth $535,000 after acquiring an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in Home Depot by 5.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer's stock worth $4,381,000 after buying an additional 623 shares during the period. Acadian Asset Management LLC increased its stake in shares of Home Depot by 92.7% during the first quarter. Acadian Asset Management LLC now owns 66,257 shares of the home improvement retailer's stock valued at $25,407,000 after buying an additional 31,877 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in Home Depot by 42.3% in the first quarter. Ontario Teachers Pension Plan Board now owns 6,816 shares of the home improvement retailer's stock worth $2,615,000 after acquiring an additional 2,025 shares during the period. Finally, Edgestream Partners L.P. boosted its holdings in Home Depot by 57.7% in the first quarter. Edgestream Partners L.P. now owns 2,906 shares of the home improvement retailer's stock valued at $1,115,000 after acquiring an additional 1,063 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HD. Melius Research began coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a "buy" rating and a $420.00 target price on the stock. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, Mizuho upped their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday. 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Stock Performance

Shares of Home Depot stock traded up $2.46 during trading on Friday, hitting $408.18. 3,239,545 shares of the stock were exchanged, compared to its average volume of 3,475,878. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The stock has a market cap of $405.44 billion, a PE ratio of 27.73, a P/E/G ratio of 2.84 and a beta of 1.01. The stock's fifty day moving average is $399.51 and its 200 day moving average is $366.56.

Home Depot (NYSE:HD - Get Free Report) last posted its 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. The firm had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $3.81 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

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

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.