Francis Financial Inc. Purchases 428 Shares of The Home Depot, Inc. (NYSE:HD)

Francis Financial Inc. lifted its position in The Home Depot, Inc. (NYSE:HD) by 42.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,443 shares of the home improvement retailer’s stock after acquiring an additional 428 shares during the period. Francis Financial Inc.’s holdings in Home Depot were worth $561,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot during the fourth quarter valued at $28,000. Navigoe LLC bought a new stake in Home Depot in the 4th quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot in the 4th quarter worth about $32,000. Finally, Quarry LP lifted its stake in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their target price on shares of Home Depot from $470.00 to $410.00 and set an “overweight” rating for the company in a research report on Tuesday. Truist Financial increased their price target on Home Depot from $391.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company cut their price objective on Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Wedbush reissued an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $430.32.

Home Depot Trading Down 0.6 %

HD stock opened at $362.55 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business has a 50 day simple moving average of $358.23 and a two-hundred day simple moving average of $388.83. The company has a market capitalization of $360.39 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

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.