Financial Management Professionals Inc. Has $762,000 Stake in The Home Depot, Inc. (NYSE:HD)

Financial Management Professionals Inc. increased its holdings in The Home Depot, Inc. (NYSE:HD) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,986 shares of the home improvement retailer’s stock after acquiring an additional 162 shares during the period. Financial Management Professionals Inc.’s holdings in Home Depot were worth $762,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Bare Financial Services Inc purchased a new stake in Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC bought a new stake in Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC lifted its holdings in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the period. Finally, Gilfoyle & Co LLC purchased a new position in Home Depot in the fourth quarter worth $35,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $352.00 to $395.00 in a research note on Wednesday. Bank of America lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. TD Cowen reduced their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Truist Financial lowered their price target 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. Finally, UBS Group reduced their price objective on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Price Performance

NYSE:HD opened at $344.24 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The stock has a fifty day moving average of $338.51 and a 200 day moving average of $352.74. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The firm has a market capitalization of $341.35 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.36 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) 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 for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $3.82 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed 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. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Insider Transactions at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.