Financial Partners Group Inc Trims Stock Position in The Home Depot, Inc. (NYSE:HD)

Financial Partners Group Inc decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 8.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 915 shares of the home improvement retailer’s stock after selling 84 shares during the period. Financial Partners Group Inc’s holdings in Home Depot were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Bare Financial Services Inc purchased a new position in Home Depot in the fourth quarter valued at about $26,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the 4th quarter valued at $27,000. Burkett Financial Services LLC acquired a new position in Home Depot during the 4th quarter worth $38,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Home Depot in the 1st quarter worth about $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HD shares. Royal Bank of Canada decreased their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday. Citigroup lowered their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Finally, Stifel Nicolaus reduced their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $386.33.

Home Depot Price Performance

Home Depot stock traded up $1.99 during trading hours on Friday, hitting $362.06. 3,308,320 shares of the company traded hands, compared to its average volume of 3,434,097. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm has a market cap of $359.02 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.48 and a beta of 0.98. The firm’s 50-day simple moving average is $350.74 and its two-hundred day simple moving average is $353.23. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business earned $4.65 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.49%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

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.