Oxford Financial Group LTD. LLC Sells 449 Shares of The Home Depot, Inc. (NYSE:HD)

Oxford Financial Group LTD. LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,097 shares of the home improvement retailer’s stock after selling 449 shares during the period. Oxford Financial Group LTD. LLC’s holdings in Home Depot were worth $1,205,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. TD Private Client Wealth LLC increased its position in Home Depot by 2.2% during the fourth quarter. TD Private Client Wealth LLC now owns 18,971 shares of the home improvement retailer’s stock valued at $7,380,000 after acquiring an additional 408 shares during the last quarter. Lee Danner & Bass Inc. increased its position in Home Depot by 6.7% during the fourth quarter. Lee Danner & Bass Inc. now owns 28,779 shares of the home improvement retailer’s stock valued at $11,195,000 after acquiring an additional 1,807 shares during the last quarter. Independent Solutions Wealth Management LLC boosted its stake in shares of Home Depot by 0.5% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 8,696 shares of the home improvement retailer’s stock valued at $3,382,000 after purchasing an additional 44 shares during the period. Kiker Wealth Management LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at $535,000. Finally, Antonelli Financial Advisors LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at $301,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HD shares. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Truist Financial lowered their target price on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and boosted their target price for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their target price on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Robert W. Baird lowered 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 note on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Performance

HD opened at $355.31 on Friday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market cap of $352.95 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The firm’s 50-day moving average price is $394.73 and its 200-day moving average price is $398.78.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 61.66%.

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.