Fairfield Financial Advisors LTD Acquires Shares of 239 The Home Depot, Inc. (NYSE:HD)

Fairfield Financial Advisors LTD bought a new position in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, HoldingsChannel reports. The institutional investor bought 239 shares of the home improvement retailer’s stock, valued at approximately $82,000.

Other large investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in Home Depot by 1.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock valued at $74,092,000 after purchasing an additional 2,209 shares during the period. Empirical Finance LLC lifted its holdings in Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after buying an additional 1,195 shares during the period. Commonwealth Retirement Investments LLC boosted its stake in Home Depot by 5.5% in the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after acquiring an additional 965 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Home Depot by 34.8% during the 1st quarter. V Square Quantitative Management LLC now owns 15,913 shares of the home improvement retailer’s stock worth $6,104,000 after acquiring an additional 4,111 shares during the period. Finally, Leeward Financial Partners LLC grew its holdings in Home Depot by 7.3% during the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after acquiring an additional 711 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $379.99 on Monday. 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 twelve month low of $274.26 and a twelve month high of $396.87. The stock has a market capitalization of $377.44 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.57 and a beta of 1.00. The company has a 50 day moving average of $361.04 and a 200-day moving average of $353.92.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter last year, the firm earned $4.65 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.37%. Home Depot’s payout ratio is presently 60.36%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HD shares. UBS Group raised their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Truist Financial reduced their target price on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Jefferies Financial Group assumed coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Finally, Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $387.79.

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.