Financial Enhancement Group LLC Sells 30 Shares of The Home Depot, Inc. (NYSE:HD)

Financial Enhancement Group LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 755 shares of the home improvement retailer’s stock after selling 30 shares during the period. Financial Enhancement Group LLC’s holdings in Home Depot were worth $306,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HD. WFA Asset Management Corp grew its stake in Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after purchasing an additional 135 shares during the period. China Universal Asset Management Co. Ltd. grew its position in Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after buying an additional 623 shares during the period. Avidian Wealth Solutions LLC increased its holdings in Home Depot by 3.1% during the first quarter. Avidian Wealth Solutions LLC now owns 14,261 shares of the home improvement retailer’s stock worth $5,471,000 after buying an additional 432 shares during the last quarter. Catalina Capital Group LLC raised its position in Home Depot by 61.2% in the first quarter. Catalina Capital Group LLC now owns 5,618 shares of the home improvement retailer’s stock worth $2,155,000 after acquiring an additional 2,133 shares during the period. Finally, Carson Advisory Inc. boosted its stake in Home Depot by 0.5% in the first quarter. Carson Advisory Inc. now owns 6,618 shares of the home improvement retailer’s stock valued at $2,539,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on HD shares. Truist Financial upped their price objective on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Oppenheimer increased their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. DA Davidson upped their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Guggenheim boosted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $416.37.

Home Depot Trading Down 3.0 %

Home Depot stock opened at $388.19 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52-week low of $286.79 and a 52-week high of $421.56. The company has a market cap of $385.59 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.74 and a beta of 1.01. The business has a 50-day simple moving average of $393.80 and a two-hundred day simple moving average of $363.10.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the firm earned $4.65 EPS. The company’s revenue was up .6% on a year-over-year basis. Analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is presently 60.57%.

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.