Kornitzer Capital Management Inc. KS Sells 25,107 Shares of The Home Depot (HD)

Kornitzer Capital Management Inc. KS lowered its stake in The Home Depot (NYSE:HD) by 39.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,856 shares of the home improvement retailer’s stock after selling 25,107 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in The Home Depot were worth $7,364,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HD. Miles Capital Inc. purchased a new stake in The Home Depot during the 4th quarter valued at $227,000. Dean Capital Investments Management LLC purchased a new stake in The Home Depot during the 4th quarter valued at $315,000. Reik & CO. LLC boosted its stake in The Home Depot by 16.9% during the 4th quarter. Reik & CO. LLC now owns 4,212 shares of the home improvement retailer’s stock valued at $798,000 after purchasing an additional 610 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Home Depot by 0.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 402,297 shares of the home improvement retailer’s stock valued at $76,247,000 after purchasing an additional 3,587 shares during the last quarter. Finally, Blue Chip Partners Inc. boosted its stake in The Home Depot by 17.8% during the 4th quarter. Blue Chip Partners Inc. now owns 32,370 shares of the home improvement retailer’s stock valued at $6,135,000 after purchasing an additional 4,880 shares during the last quarter. Institutional investors own 70.69% of the company’s stock.

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Shares of The Home Depot stock opened at $174.45 on Friday. The Home Depot has a one year low of $144.25 and a one year high of $207.60. The firm has a market capitalization of $209,178.89, a P/E ratio of 23.38, a P/E/G ratio of 1.44 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69.

The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. The company had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. The Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The Home Depot’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. analysts forecast that The Home Depot will post 9.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, March 7th. This is a boost from The Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.36%. The Home Depot’s dividend payout ratio (DPR) is currently 55.23%.

HD has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on The Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Jefferies Group reiterated a “buy” rating and set a $223.00 target price on shares of The Home Depot in a research note on Monday, February 5th. Morgan Stanley set a $210.00 target price on The Home Depot and gave the company a “buy” rating in a research note on Wednesday, March 21st. Zacks Investment Research raised The Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Tuesday, February 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $217.00 price target (down from $220.00) on shares of The Home Depot in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $194.04.

In other The Home Depot news, EVP Edward P. Decker sold 17,660 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the sale, the executive vice president now directly owns 73,815 shares of the company’s stock, valued at $13,827,025.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gregory D. Brenneman purchased 16,827 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were acquired at an average cost of $178.29 per share, for a total transaction of $3,000,085.83. Following the completion of the acquisition, the director now owns 46,332 shares of the company’s stock, valued at $8,260,532.28. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 169,027 shares of company stock worth $31,220,882. Insiders own 0.26% of the company’s stock.

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The Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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