KFG Wealth Management LLC Has $952,000 Stake in The Home Depot, Inc. (NYSE:HD)

KFG Wealth Management LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,481 shares of the home improvement retailer’s stock after selling 78 shares during the quarter. KFG Wealth Management LLC’s holdings in Home Depot were worth $952,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Bare Financial Services Inc acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $27,000. Keener Financial Planning LLC bought a new position in Home Depot in the fourth quarter worth $31,000. PFG Private Wealth Management LLC boosted its stake in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new stake in Home Depot during the fourth quarter worth $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.4 %

Shares of HD opened at $333.58 on Thursday. The business’s fifty day moving average price is $338.43 and its two-hundred day moving average price is $352.56. The firm has a market capitalization of $330.78 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.31 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter in the prior year, the business posted $3.82 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.70%. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HD. Truist Financial dropped their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a report on Tuesday, May 14th. Citigroup lowered their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Finally, UBS Group cut their target price on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $378.42.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.