Financial Partners Group Inc Sells 84 Shares of The Home Depot, Inc. (NYSE:HD)

Financial Partners Group Inc lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. KFG Wealth Management LLC raised its stake in shares of Home Depot by 16.2% during the second quarter. KFG Wealth Management LLC now owns 2,884 shares of the home improvement retailer’s stock valued at $993,000 after acquiring an additional 403 shares during the last quarter. Williams Financial LLC bought a new position in Home Depot during the 2nd quarter valued at approximately $6,791,000. Vista Investment Partners LLC lifted its holdings in Home Depot by 1.2% in the 2nd quarter. Vista Investment Partners LLC now owns 11,514 shares of the home improvement retailer’s stock worth $3,964,000 after buying an additional 133 shares during the period. Raymond James & Associates grew its position in shares of Home Depot by 0.5% in the 2nd quarter. Raymond James & Associates now owns 3,556,074 shares of the home improvement retailer’s stock worth $1,224,143,000 after buying an additional 19,282 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. raised its holdings in shares of Home Depot by 3.4% during the second quarter. Signet Investment Advisory Group Inc. now owns 8,187 shares of the home improvement retailer’s stock valued at $2,818,000 after acquiring an additional 269 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citigroup cut their price target on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the stock from $352.00 to $395.00 in a research report on Wednesday, June 26th. Finally, Wedbush restated an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued 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 $386.33.

Home Depot Stock Performance

Shares of Home Depot stock traded up $1.99 during trading on Friday, hitting $362.06. 3,308,320 shares of the company’s stock 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 business has a 50-day simple moving average of $350.74 and a 200-day simple moving average of $353.23. The stock has a market capitalization of $359.02 billion, a P/E ratio of 24.28, a PEG ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

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

Home Depot Dividend Announcement

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

Home Depot Company 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.