Community Financial Services Group LLC Purchases 257 Shares of The Home Depot, Inc. (NYSE:HD)

Community Financial Services Group LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 3.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,596 shares of the home improvement retailer’s stock after acquiring an additional 257 shares during the quarter. Community Financial Services Group LLC’s holdings in Home Depot were worth $3,150,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Navigoe LLC bought a new position in Home Depot in the fourth quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the fourth quarter valued at about $32,000. Quarry LP lifted its holdings in Home Depot by 220.0% in the fourth 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. Sellwood Investment Partners LLC bought a new position in Home Depot in the fourth quarter valued at about $39,000. Finally, NewSquare Capital LLC lifted its holdings in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after acquiring an additional 68 shares during the period. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. Jefferies Financial Group decreased their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Truist Financial raised their price objective on Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Stock Performance

NYSE:HD opened at $356.84 on Tuesday. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock’s 50 day simple moving average is $362.65 and its two-hundred day simple moving average is $378.90. The company has a market cap of $355.03 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 3.32 and a beta of 1.02.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the firm earned $3.63 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio is currently 62.42%.

Insider Activity

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

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.