Affinia Financial Group LLC Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by on Apr 16th, 2023

Affinia Financial Group LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,223 shares of the home improvement retailer’s stock after purchasing an additional 37 shares during the period. Home Depot accounts for 0.3% of Affinia Financial Group LLC’s holdings, making the stock its 20th biggest position. Affinia Financial Group LLC’s holdings in Home Depot were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Canal Capital Management LLC lifted its stake in shares of Home Depot by 5.1% in the fourth quarter. Canal Capital Management LLC now owns 15,237 shares of the home improvement retailer’s stock worth $4,813,000 after buying an additional 739 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Home Depot by 7.2% in the fourth quarter. Kestra Advisory Services LLC now owns 137,228 shares of the home improvement retailer’s stock worth $43,345,000 after buying an additional 9,259 shares in the last quarter. Source Financial Advisors LLC lifted its stake in shares of Home Depot by 7.3% in the fourth quarter. Source Financial Advisors LLC now owns 1,324 shares of the home improvement retailer’s stock worth $418,000 after buying an additional 90 shares in the last quarter. Capital Investment Counsel Inc lifted its stake in shares of Home Depot by 15.8% in the fourth quarter. Capital Investment Counsel Inc now owns 6,020 shares of the home improvement retailer’s stock worth $1,901,000 after buying an additional 820 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Home Depot by 1.4% in the fourth quarter. Venturi Wealth Management LLC now owns 34,248 shares of the home improvement retailer’s stock worth $10,818,000 after buying an additional 457 shares in the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.0 %

Shares of HD stock opened at $292.19 on Friday. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41. The stock has a market capitalization of $295.89 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. The company has a 50 day moving average price of $297.04 and a 200 day moving average price of $304.62. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $347.25.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The firm had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. During the same quarter in the previous year, the business posted $3.21 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.85 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were issued a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Wednesday, March 8th. This is a boost from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s payout ratio is 50.12%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HD. Citigroup decreased their price target on shares of Home Depot from $340.00 to $332.00 and set a “buy” rating on the stock in a research note on Wednesday, February 22nd. UBS Group cut their price objective on shares of Home Depot from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 22nd. Robert W. Baird cut their price objective on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a research report on Tuesday, February 21st. Cowen cut their price objective on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Finally, Morgan Stanley cut their price objective on shares of Home Depot from $360.00 to $340.00 and set an “overweight” rating for the company in a research report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $329.89.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

See Also

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

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