Benjamin Edwards Inc. Sells 513 Shares of The Home Depot, Inc. (NYSE:HD)

Benjamin Edwards Inc. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,075 shares of the home improvement retailer’s stock after selling 513 shares during the quarter. Home Depot makes up approximately 0.7% of Benjamin Edwards Inc.’s portfolio, making the stock its 27th largest holding. Benjamin Edwards Inc.’s holdings in Home Depot were worth $3,812,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HD. Cambridge Investment Research Advisors Inc. lifted its holdings in Home Depot by 1.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock valued at $74,092,000 after purchasing an additional 2,209 shares during the last quarter. Empirical Finance LLC lifted its holdings in Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after purchasing an additional 1,195 shares during the last quarter. Commonwealth Retirement Investments LLC lifted its holdings in Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after purchasing an additional 965 shares during the last quarter. Leeward Financial Partners LLC lifted its holdings in Home Depot by 7.3% during the first quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock valued at $4,001,000 after purchasing an additional 711 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. purchased a new stake in Home Depot during the fourth quarter valued at about $88,708,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.7 %

Shares of NYSE HD opened at $390.39 on Friday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm’s 50 day simple moving average is $364.35 and its two-hundred day simple moving average is $354.38. The stock has a market capitalization of $387.12 billion, a P/E ratio of 26.18, a PEG ratio of 2.57 and a beta of 1.00.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is 60.36%.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Stifel Nicolaus lowered their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Jefferies Financial Group began coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. DA Davidson increased their price target on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Truist Financial lowered their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $389.04.

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.