KBC Group NV Sells 166,117 Shares of The Home Depot, Inc. (NYSE:HD)

KBC Group NV cut its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 38.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,404 shares of the home improvement retailer's stock after selling 166,117 shares during the quarter. KBC Group NV's holdings in Home Depot were worth $104,795,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quarry LP grew its holdings in Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after acquiring an additional 36 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in Home Depot by 7.5% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,777 shares of the home improvement retailer's stock worth $1,989,000 after acquiring an additional 401 shares during the last quarter. Regency Capital Management Inc. DE grew its holdings in Home Depot by 46.5% during the 2nd quarter. Regency Capital Management Inc. DE now owns 4,048 shares of the home improvement retailer's stock worth $1,393,000 after acquiring an additional 1,285 shares during the last quarter. Ted Buchan & Co bought a new stake in Home Depot during the 2nd quarter worth approximately $327,000. Finally, Granite Bay Wealth Management LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $230,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.6 %

Shares of HD stock traded down $2.64 on Friday, hitting $411.86. The stock had a trading volume of 2,761,013 shares, compared to its average volume of 2,883,614. The business has a 50 day moving average of $407.86 and a 200 day moving average of $392.46. The stock has a market cap of $409.13 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced 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 company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.81 earnings per share. As a group, analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.19%. Home Depot's payout ratio is currently 61.14%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Loop Capital raised shares of Home Depot from a "hold" rating to a "buy" rating and boosted their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. DA Davidson upped 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. Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Telsey Advisory Group raised shares of Home Depot from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, Evercore ISI upped their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the 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 transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now 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. Over the last 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. 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.