Hurlow Wealth Management Group Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,945 shares of the home improvement retailer’s stock after acquiring an additional 66 shares during the period. Hurlow Wealth Management Group Inc.’s holdings in Home Depot were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. DAGCO Inc. raised its stake in shares of Home Depot by 0.4% during the 1st quarter. DAGCO Inc. now owns 7,394 shares of the home improvement retailer’s stock worth $2,276,000 after purchasing an additional 32 shares during the period. Willow Creek Wealth Management Inc. raised its stake in shares of Home Depot by 4.7% during the 4th quarter. Willow Creek Wealth Management Inc. now owns 736 shares of the home improvement retailer’s stock worth $305,000 after purchasing an additional 33 shares during the period. Beam Wealth Advisors Inc. raised its stake in shares of Home Depot by 4.9% during the 1st quarter. Beam Wealth Advisors Inc. now owns 707 shares of the home improvement retailer’s stock worth $212,000 after purchasing an additional 33 shares during the period. Shaker Investments LLC OH raised its stake in shares of Home Depot by 1.0% during the 1st quarter. Shaker Investments LLC OH now owns 3,330 shares of the home improvement retailer’s stock worth $997,000 after purchasing an additional 33 shares during the period. Finally, Atticus Wealth Management LLC raised its stake in shares of Home Depot by 0.5% during the 1st quarter. Atticus Wealth Management LLC now owns 7,098 shares of the home improvement retailer’s stock worth $2,125,000 after purchasing an additional 34 shares during the period. Institutional investors own 68.66% of the company’s stock.
Insider Buying and Selling
In related news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $300.59, for a total value of $300,590.00. Following the sale, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $300.59, for a total value of $300,590.00. Following the sale, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Matt Carey sold 12,650 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the completion of the sale, the executive vice president now directly owns 34,522 shares in the company, valued at $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently weighed in on HD shares. Raymond James lifted their price objective on Home Depot from $340.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. JPMorgan Chase & Co. decreased their price objective on Home Depot from $335.00 to $311.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Evercore ISI reduced their target price on Home Depot to $360.00 in a report on Thursday, June 9th. Robert W. Baird lifted their target price on Home Depot from $335.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, August 16th. Finally, Truist Financial lifted their target price on Home Depot from $375.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $365.95.
Home Depot Stock Performance
Shares of HD stock opened at $275.97 on Monday. The company has a debt-to-equity ratio of 165.70, a quick ratio of 0.25 and a current ratio of 1.18. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The stock has a 50 day moving average price of $300.51 and a two-hundred day moving average price of $300.96. The company has a market capitalization of $282.52 billion, a P/E ratio of 16.96, a PEG ratio of 1.48 and a beta of 0.99.
Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The firm had revenue of $43.79 billion for the quarter, compared to analysts’ expectations of $43.33 billion. During the same period in the previous year, the firm earned $4.53 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that The Home Depot, Inc. will post 16.56 earnings per share for the current year.
Home Depot announced that its board has approved a share repurchase program on Thursday, August 18th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Home Depot Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $7.60 annualized dividend and a dividend yield of 2.75%. Home Depot’s dividend payout ratio (DPR) is presently 46.71%.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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