Sfmg LLC Has $1.73 Million Stake in The Home Depot, Inc. (NYSE:HD)

Sfmg LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,036 shares of the home improvement retailer’s stock after selling 455 shares during the period. Sfmg LLC’s holdings in Home Depot were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in Home Depot during the second quarter worth $25,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the fourth quarter worth $27,000. Kings Path Partners LLC bought a new position in Home Depot during the second quarter worth $33,000. Burkett Financial Services LLC bought a new position in Home Depot during the fourth quarter worth $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot during the first quarter worth $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 2.3 %

Shares of NYSE HD opened at $400.95 on Wednesday. The stock has a 50-day moving average price of $366.26 and a two-hundred day moving average price of $354.42. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $401.11. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a market cap of $398.26 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the firm posted $4.65 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. As a group, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Melius Research assumed coverage on shares of Home Depot in a research report on Monday. They issued a “buy” rating and a $420.00 target price for the company. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday. DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $391.88.

About Home Depot

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.