Kelly Financial Group LLC Sells 34 Shares of The Home Depot, Inc. (NYSE:HD)

Kelly Financial Group LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 4.9% in the 1st quarter, Holdings Channel reports. The fund owned 664 shares of the home improvement retailer’s stock after selling 34 shares during the quarter. Kelly Financial Group LLC’s holdings in Home Depot were worth $243,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. lifted its position in Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock valued at $1,810,000 after purchasing an additional 24 shares during the period. Tranquility Partners LLC lifted its position in Home Depot by 1.1% in the fourth quarter. Tranquility Partners LLC now owns 2,306 shares of the home improvement retailer’s stock valued at $897,000 after purchasing an additional 26 shares during the period. Wealth Group Ltd. lifted its position in shares of Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after acquiring an additional 27 shares during the period. Members Trust Co lifted its position in shares of Home Depot by 1.0% during the 4th quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer’s stock valued at $1,047,000 after acquiring an additional 27 shares during the period. Finally, Sollinda Capital Management LLC lifted its position in shares of Home Depot by 2.5% during the 4th quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer’s stock valued at $434,000 after acquiring an additional 27 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 2.5%

HD stock opened at $354.10 on Friday. The stock has a market capitalization of $352.31 billion, a P/E ratio of 24.06, a PEG ratio of 4.03 and a beta of 1.02. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a 50 day moving average price of $362.73 and a two-hundred day moving average price of $382.81.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.63 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.60%. Home Depot’s payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HD. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Jefferies Financial Group reduced their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Finally, Guggenheim reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares of the company’s stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Company 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.