Tsfg LLC Has $256,000 Stake in The Home Depot, Inc. (NYSE:HD)

Tsfg LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 744 shares of the home improvement retailer’s stock after purchasing an additional 35 shares during the quarter. Tsfg LLC’s holdings in Home Depot were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Bare Financial Services Inc bought a new position in Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC bought a new position in Home Depot in the 4th quarter valued at about $27,000. Burkett Financial Services LLC bought a new position in Home Depot in the 4th quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot in the 1st quarter valued at about $38,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

NYSE HD traded up $5.48 during trading on Wednesday, hitting $355.55. 4,813,288 shares of the company’s stock traded hands, compared to its average volume of 3,433,010. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The stock has a market capitalization of $352.57 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The business has a 50 day moving average of $348.96 and a 200-day moving average of $353.14.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.65 earnings per share. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analyst Ratings Changes

HD has been the topic of several research reports. TD Cowen decreased their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Citigroup decreased 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. Wedbush reaffirmed an “outperform” rating and set a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. Royal Bank of Canada decreased their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $384.00.

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.