PFG Investments LLC Sells 969 Shares of The Home Depot, Inc. (NYSE:HD)

PFG Investments LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,864 shares of the home improvement retailer’s stock after selling 969 shares during the period. PFG Investments LLC’s holdings in Home Depot were worth $6,838,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. increased its position in shares of Home Depot by 3.9% during the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after buying an additional 158 shares during the period. Aveo Capital Partners LLC lifted its stake in Home Depot by 4.8% in the 4th quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock worth $931,000 after purchasing an additional 122 shares in the last quarter. 9258 Wealth Management LLC boosted its holdings in Home Depot by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock valued at $4,811,000 after purchasing an additional 557 shares during the period. Gryphon Financial Partners LLC grew its position in shares of Home Depot by 161.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after purchasing an additional 3,923 shares in the last quarter. Finally, USA Financial Formulas raised its position in shares of Home Depot by 14,500.0% in the fourth quarter. USA Financial Formulas now owns 292 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 290 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Loop Capital dropped their price target on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Royal Bank of Canada dropped their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Raymond James restated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, DA Davidson upped their price objective on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $387.79.

Home Depot Price Performance

HD opened at $360.05 on Monday. The firm has a market cap of $357.63 billion, a PE ratio of 24.15, a P/E/G ratio of 2.49 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The stock has a 50-day moving average price of $357.27 and a 200-day moving average price of $353.97.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $4.65 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a dividend of $2.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot’s dividend payout ratio 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.