Sfmg LLC Sells 540 Shares of The Home Depot, Inc. (NYSE:HD)

Sfmg LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,495 shares of the home improvement retailer’s stock after selling 540 shares during the period. Sfmg LLC’s holdings in Home Depot were worth $1,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. SYM FINANCIAL Corp boosted its holdings in Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after buying an additional 289 shares during the period. Swedbank AB boosted its holdings in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after purchasing an additional 132,967 shares during the period. Principal Financial Group Inc. boosted its holdings in Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock valued at $596,140,000 after purchasing an additional 141,915 shares during the period. United Bank boosted its holdings in Home Depot by 4.2% in the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer’s stock valued at $1,806,000 after purchasing an additional 181 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in Home Depot by 14.1% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,663 shares of the home improvement retailer’s stock valued at $1,079,000 after purchasing an additional 329 shares during the period. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

HD has been the subject of several analyst reports. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and raised their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Truist Financial lowered their price objective on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Wedbush restated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Price Performance

HD stock opened at $352.12 on Friday. The firm’s 50-day moving average price is $393.97 and its two-hundred day moving average price is $398.66. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market capitalization of $349.78 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 4.03 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter in the previous year, the company earned $2.82 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.61%. Home Depot’s payout ratio is presently 61.66%.

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.