Marshall Financial Group LLC Has $1 Million Position in The Home Depot, Inc. (NYSE:HD)

Marshall Financial Group LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,610 shares of the home improvement retailer’s stock after purchasing an additional 38 shares during the quarter. Marshall Financial Group LLC’s holdings in Home Depot were worth $1,001,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Bey Douglas LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $913,000. Hartline Investment Corp raised its position in Home Depot by 3.0% in the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after buying an additional 460 shares during the last quarter. Wolf Group Capital Advisors raised its position in Home Depot by 6.1% in the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after buying an additional 430 shares during the last quarter. Alliance Wealth Management Group acquired a new stake in Home Depot in the 4th quarter valued at approximately $253,000. Finally, Zullo Investment Group Inc. raised its position in Home Depot by 6.6% in the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

HD opened at $333.64 on Friday. The business has a fifty day simple moving average of $338.48 and a 200 day simple moving average of $352.30. The company has a market capitalization of $330.84 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.98. 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 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last released its 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. The firm had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.82 EPS. Research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given 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 payout ratio is 60.36%.

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. UBS Group lowered their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Truist Financial lowered their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Wedbush reaffirmed an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $378.42.

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.