The Home Depot, Inc. $HD Position Boosted by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 11.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,704 shares of the home improvement retailer’s stock after purchasing an additional 3,013 shares during the period. EverSource Wealth Advisors LLC’s holdings in Home Depot were worth $9,877,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HD. Parvin Asset Management LLC boosted its position in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Key Capital Management INC bought a new position in shares of Home Depot during the 4th quarter valued at about $28,000. Financially Speaking Inc bought a new position in shares of Home Depot during the 3rd quarter valued at about $31,000. Navalign LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $31,000. Finally, Disciplined Equity Management Inc. bought a new position in shares of Home Depot during the 4th quarter valued at about $34,000. Institutional investors own 70.86% of the company’s stock.

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

Home Depot Stock Performance

Shares of HD opened at $313.18 on Friday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a 50-day moving average of $326.94 and a two-hundred day moving average of $351.82. The stock has a market cap of $311.94 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 3.63 and a beta of 1.00. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.26.

Home Depot (NYSE:HDGet Free Report) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same period last year, the company posted $3.56 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is 65.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HD shares. KeyCorp restated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Daiwa Securities Group raised their target price on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. DA Davidson decreased their target price on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday. Bank of America began coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $371.39.

Get Our Latest Research Report on HD

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Home Depot Profile

(Free Report)

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

Further Reading

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDFree Report).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.