Range Financial Group LLC Has $2.61 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Range Financial Group LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,579 shares of the home improvement retailer’s stock after buying an additional 365 shares during the period. Home Depot accounts for approximately 1.3% of Range Financial Group LLC’s investment portfolio, making the stock its 11th biggest position. Range Financial Group LLC’s holdings in Home Depot were worth $2,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arbor Trust Wealth Advisors LLC raised its stake in Home Depot by 3.8% in the second quarter. Arbor Trust Wealth Advisors LLC now owns 1,248 shares of the home improvement retailer’s stock valued at $430,000 after buying an additional 46 shares during the period. Mattern Capital Management LLC raised its stake in Home Depot by 0.3% in the 2nd quarter. Mattern Capital Management LLC now owns 26,740 shares of the home improvement retailer’s stock valued at $9,205,000 after acquiring an additional 73 shares during the period. Stablepoint Partners LLC raised its stake in Home Depot by 2.1% in the 2nd quarter. Stablepoint Partners LLC now owns 1,565 shares of the home improvement retailer’s stock valued at $566,000 after acquiring an additional 32 shares during the period. New World Advisors LLC lifted its holdings in Home Depot by 7.1% during the 2nd quarter. New World Advisors LLC now owns 1,928 shares of the home improvement retailer’s stock valued at $664,000 after purchasing an additional 127 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its position in Home Depot by 5.3% during the second quarter. Belpointe Asset Management LLC now owns 11,478 shares of the home improvement retailer’s stock worth $3,952,000 after purchasing an additional 581 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 1.6 %

Shares of NYSE HD opened at $358.75 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 $274.26 and a 52-week high of $396.87. The stock has a market capitalization of $355.74 billion, a PE ratio of 24.46, a P/E/G ratio of 2.55 and a beta of 0.98. The firm has a fifty day moving average of $356.55 and a 200-day moving average of $354.06.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the firm posted $4.65 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a dividend of $2.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.51%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Wells Fargo & Company decreased their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Evercore ISI decreased their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Jefferies Financial Group assumed coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Finally, DA Davidson lifted their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.79.

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.