FCG Investment Co Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

FCG Investment Co grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,615 shares of the home improvement retailer’s stock after buying an additional 190 shares during the quarter. Home Depot accounts for 1.1% of FCG Investment Co’s portfolio, making the stock its 27th largest position. FCG Investment Co’s holdings in Home Depot were worth $1,387,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

HD opened at $333.64 on Friday. The stock has a market capitalization of $330.84 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.30 and a beta of 0.98. The company has a fifty day moving average of $338.48 and a 200 day moving average of $352.30. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two 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 issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period last year, the company posted $3.82 EPS. The business’s revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HD shares. Truist Financial dropped their target price on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Mizuho assumed coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. Finally, UBS Group decreased their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

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.