First Affirmative Financial Network Has $437,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Posted by on Jun 22nd, 2023

First Affirmative Financial Network decreased its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,482 shares of the home improvement retailer’s stock after selling 39 shares during the quarter. First Affirmative Financial Network’s holdings in Home Depot were worth $437,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. RMR Wealth Builders increased its holdings in shares of Home Depot by 19.8% during the 1st quarter. RMR Wealth Builders now owns 7,950 shares of the home improvement retailer’s stock worth $2,346,000 after acquiring an additional 1,316 shares during the last quarter. Stolper Co grew its holdings in Home Depot by 0.3% in the 1st quarter. Stolper Co now owns 12,684 shares of the home improvement retailer’s stock valued at $3,743,000 after buying an additional 39 shares in the last quarter. Dfpg Investments LLC grew its holdings in Home Depot by 39.4% in the 1st quarter. Dfpg Investments LLC now owns 4,817 shares of the home improvement retailer’s stock valued at $1,422,000 after buying an additional 1,361 shares in the last quarter. Austin Asset Management Co Inc grew its holdings in Home Depot by 10.0% in the 1st quarter. Austin Asset Management Co Inc now owns 1,585 shares of the home improvement retailer’s stock valued at $468,000 after buying an additional 144 shares in the last quarter. Finally, FOCUS Wealth Advisors LLC grew its holdings in Home Depot by 56.1% in the 1st quarter. FOCUS Wealth Advisors LLC now owns 991 shares of the home improvement retailer’s stock valued at $292,000 after buying an additional 356 shares in the last quarter. Institutional investors and hedge funds own 69.91% of the company’s stock.

Home Depot Trading Down 0.2 %

NYSE HD opened at $300.77 on Thursday. The business has a 50 day simple moving average of $294.29 and a 200 day simple moving average of $303.82. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $347.25. The stock has a market capitalization of $302.39 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28.

Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, topping the consensus estimate of $3.80 by $0.02. The business had revenue of $37.26 billion during the quarter, compared to analysts’ expectations of $38.35 billion. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 earnings per share. Research analysts expect that The Home Depot, Inc. will post 14.97 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were given a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 annualized dividend and a yield of 2.78%. Home Depot’s dividend payout ratio is currently 50.94%.

Insiders Place Their Bets

In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total value of $440,221.18. Following the transaction, the executive vice president now owns 13,958 shares of the company’s stock, valued at $4,090,950.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. TheStreet lowered Home Depot from a “b” rating to a “c+” rating in a report on Tuesday, May 16th. Jefferies Financial Group upped their price objective on Home Depot from $337.00 to $349.00 in a report on Wednesday, June 14th. StockNews.com started coverage on Home Depot in a research report on Thursday, May 18th. They set a “hold” rating for the company. Morgan Stanley cut their target price on Home Depot from $340.00 to $320.00 in a research report on Wednesday, May 17th. Finally, Truist Financial cut their target price on Home Depot from $352.00 to $318.00 in a research report on Wednesday, May 17th. Thirteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.43.

Home Depot Company Profile

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

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