Resources Management Corp CT ADV Sells 460 Shares of The Home Depot, Inc. (NYSE:HD)

Resources Management Corp CT ADV cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,843 shares of the home improvement retailer’s stock after selling 460 shares during the quarter. Home Depot accounts for about 2.3% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 7th largest holding. Resources Management Corp CT ADV’s holdings in Home Depot were worth $15,781,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HD. Capital Research Global Investors boosted its position in Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after purchasing an additional 992,444 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Home Depot by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock worth $3,046,485,000 after purchasing an additional 184,480 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after buying an additional 971,833 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Home Depot by 13.1% in the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock valued at $1,886,271,000 after buying an additional 569,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Home Depot by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after buying an additional 333,312 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $391.96 on Tuesday. The firm has a market cap of $388.67 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The firm’s 50-day simple moving average is $365.62 and its 200-day simple moving average is $354.23. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.30%. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

Several analysts have commented on HD shares. DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus decreased their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. Truist Financial cut their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Evercore ISI decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. One equities research 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $390.28.

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.