Buttonwood Financial Advisors Inc. cut its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,727 shares of the home improvement retailer’s stock after selling 38 shares during the quarter. Home Depot makes up about 1.5% of Buttonwood Financial Advisors Inc.’s holdings, making the stock its 19th biggest position. Buttonwood Financial Advisors Inc.’s holdings in Home Depot were worth $1,985,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BCK Partners Inc. bought a new stake in Home Depot in the 1st quarter valued at $2,933,000. Fairfield Bush & CO. bought a new stake in Home Depot in the 1st quarter valued at $27,000. Ergoteles LLC bought a new stake in Home Depot in the 1st quarter valued at $1,554,000. Equitable Holdings Inc. boosted its holdings in Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after purchasing an additional 1,007 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after purchasing an additional 24,640 shares during the period. 69.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently commented on HD shares. DA Davidson reduced their price objective on shares of Home Depot from $334.00 to $306.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Telsey Advisory Group reduced their price objective on shares of Home Depot from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, May 17th. Truist Financial reduced their price objective on shares of Home Depot from $352.00 to $318.00 in a report on Wednesday, May 17th. Barclays reduced their price objective on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating for the company in a report on Wednesday, February 22nd. Finally, Credit Suisse Group reduced their price objective on shares of Home Depot from $320.00 to $310.00 in a report on Wednesday, May 17th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $323.43.
Insider Buying and Selling at Home Depot
Home Depot Stock Performance
Shares of HD opened at $301.44 on Wednesday. The company has a debt-to-equity ratio of 113.02, a quick ratio of 0.28 and a current ratio of 1.27. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $347.25. The firm’s 50 day moving average price is $294.09 and its two-hundred day moving average price is $303.84. The firm has a market cap of $303.06 billion, a P/E ratio of 18.37, a PEG ratio of 1.93 and a beta of 0.93.
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The firm had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. During the same quarter in the previous year, the firm posted $4.09 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.
Home Depot Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Wednesday, May 31st. Home Depot’s payout ratio is currently 50.94%.
Home Depot Company 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.
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