Vigilare Wealth Management Sells 55 Shares of The Home Depot, Inc. (NYSE:HD)

Vigilare Wealth Management decreased its position in The Home Depot, Inc. (NYSE:HD) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,859 shares of the home improvement retailer’s stock after selling 55 shares during the quarter. Home Depot makes up approximately 0.9% of Vigilare Wealth Management’s portfolio, making the stock its 19th largest holding. Vigilare Wealth Management’s holdings in Home Depot were worth $1,509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of HD. BlackRock Inc. increased its position in Home Depot by 1.2% during the first quarter. BlackRock Inc. now owns 77,137,759 shares of the home improvement retailer’s stock worth $22,764,896,000 after acquiring an additional 878,220 shares during the period. Geode Capital Management LLC increased its position in Home Depot by 0.7% during the first quarter. Geode Capital Management LLC now owns 19,135,000 shares of the home improvement retailer’s stock worth $5,635,031,000 after acquiring an additional 126,981 shares during the period. Morgan Stanley increased its position in Home Depot by 10.0% during the fourth quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock worth $5,918,425,000 after acquiring an additional 1,698,402 shares during the period. Wellington Management Group LLP increased its position in Home Depot by 6.3% during the first quarter. Wellington Management Group LLP now owns 15,718,744 shares of the home improvement retailer’s stock worth $4,638,916,000 after acquiring an additional 925,962 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Home Depot by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,191,961 shares of the home improvement retailer’s stock worth $3,865,678,000 after acquiring an additional 756,274 shares during the period. Institutional investors own 68.34% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, CAO Kimberly R. Scardino sold 1,600 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total transaction of $522,704.00. Following the completion of the sale, the chief accounting officer now owns 8,281 shares of the company’s stock, valued at approximately $2,705,319.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Home Depot news, CAO Kimberly R. Scardino sold 1,600 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total transaction of $522,704.00. Following the completion of the sale, the chief accounting officer now owns 8,281 shares of the company’s stock, valued at approximately $2,705,319.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 6,091 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $324.22, for a total value of $1,974,824.02. Following the sale, the executive vice president now directly owns 22,749 shares of the company’s stock, valued at approximately $7,375,680.78. The disclosure for this sale can be found here. Insiders sold 19,811 shares of company stock valued at $6,441,376 in the last quarter. 0.19% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of HD stock opened at $317.26 on Tuesday. The Home Depot, Inc. has a 52 week low of $265.61 and a 52 week high of $347.25. The company has a debt-to-equity ratio of 30.53, a quick ratio of 0.35 and a current ratio of 1.31. The company’s 50 day moving average price is $325.92 and its two-hundred day moving average price is $305.38. The company has a market capitalization of $317.28 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 15th. The home improvement retailer reported $4.65 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.20. Home Depot had a net margin of 10.48% and a return on equity of 1,424.89%. The business had revenue of $42.92 billion during the quarter, compared to analysts’ expectations of $42.19 billion. During the same period last year, the business earned $5.05 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. On average, analysts expect that The Home Depot, Inc. will post 15.24 earnings per share for the current fiscal year.

Home Depot announced that its board has authorized a share buyback program on Tuesday, August 15th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to reacquire up to 4.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were issued a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Wednesday, August 30th. Home Depot’s dividend payout ratio is 52.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HD shares. StockNews.com started coverage on shares of Home Depot in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Wedbush lifted their price target on shares of Home Depot from $290.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 16th. Loop Capital boosted their price target on shares of Home Depot from $300.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 16th. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $321.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Finally, Sanford C. Bernstein increased their price objective on shares of Home Depot from $314.00 to $328.00 and gave the stock a “market perform” rating in a report on Wednesday, August 16th. Thirteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $339.62.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. 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.