Brogan Financial Inc. Reduces Stock Position in The Home Depot, Inc. (NYSE:HD)

Brogan Financial Inc. lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 45.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,348 shares of the home improvement retailer's stock after selling 1,142 shares during the quarter. Home Depot accounts for 0.3% of Brogan Financial Inc.'s investment portfolio, making the stock its 23rd largest position. Brogan Financial Inc.'s holdings in Home Depot were worth $524,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot during the 4th quarter valued at $32,000. Marshall Investment Management LLC bought a new position in shares of Home Depot in the fourth quarter worth $41,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 1.1 %

NYSE:HD traded up $4.05 during mid-day trading on Tuesday, reaching $361.25. 188,939 shares of the company's stock traded hands, compared to its average volume of 3,474,445. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. 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 company has a 50 day moving average price of $374.14 and a 200-day moving average price of $395.67. The firm has a market capitalization of $359.09 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 4.03 and a beta of 1.09.

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Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is 61.66%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Robert W. Baird cut their price objective on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, Piper Sandler lowered their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $434.08.

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.