Frisch Financial Group Inc. Cuts Position in The Home Depot, Inc. (NYSE:HD)

Frisch Financial Group Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 3.1% during the second quarter, HoldingsChannel reports. The fund owned 6,663 shares of the home improvement retailer’s stock after selling 212 shares during the quarter. Home Depot comprises about 0.7% of Frisch Financial Group Inc.’s holdings, making the stock its 26th largest position. Frisch Financial Group Inc.’s holdings in Home Depot were worth $2,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in Home Depot by 1.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock worth $74,092,000 after buying an additional 2,209 shares during the last quarter. Empirical Finance LLC grew its stake in Home Depot by 3.3% during the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after buying an additional 1,195 shares during the last quarter. Commonwealth Retirement Investments LLC grew its stake in Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after buying an additional 965 shares during the last quarter. Leeward Financial Partners LLC grew its stake in Home Depot by 7.3% during the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock valued at $4,001,000 after purchasing an additional 711 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. acquired a new position in shares of Home Depot in the fourth quarter valued at about $88,708,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE HD opened at $382.01 on Tuesday. The company has a market cap of $378.81 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The stock’s 50 day simple moving average is $361.89 and its 200-day simple moving average is $353.93. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.36%. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. DA Davidson increased their price objective on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $387.79.

Home Depot 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.