Alpha Financial Partners LLC Has $539,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Alpha Financial Partners LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,566 shares of the home improvement retailer’s stock after selling 47 shares during the period. Alpha Financial Partners LLC’s holdings in Home Depot were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HD. GDS Wealth Management boosted its holdings in shares of Home Depot by 12.2% in the 2nd quarter. GDS Wealth Management now owns 32,762 shares of the home improvement retailer’s stock worth $11,278,000 after acquiring an additional 3,559 shares in the last quarter. Excalibur Management Corp raised its position in Home Depot by 0.8% in the 2nd quarter. Excalibur Management Corp now owns 5,078 shares of the home improvement retailer’s stock valued at $1,748,000 after purchasing an additional 40 shares during the last quarter. Luts & Greenleigh Group Inc. bought a new position in Home Depot in the 2nd quarter valued at $1,563,000. Wulff Hansen & CO. boosted its stake in Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock worth $509,081,000 after purchasing an additional 1,474,459 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Home Depot by 130.9% during the second quarter. Citizens Financial Group Inc. RI now owns 92,983 shares of the home improvement retailer’s stock worth $32,008,000 after purchasing an additional 52,710 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.5 %

Shares of NYSE:HD opened at $382.01 on Tuesday. The company has a 50 day moving average price of $361.89 and a two-hundred day moving average price of $353.93. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company has a market capitalization of $378.81 billion, a PE ratio of 25.62, a PEG ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. Analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. UBS Group boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Truist Financial decreased their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Finally, Stifel Nicolaus reduced 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $387.79.

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.