Wealthquest Corp Invests $673,000 in The Home Depot, Inc. $HD

Wealthquest Corp bought a new stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,956 shares of the home improvement retailer’s stock, valued at approximately $673,000.

Other large investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the period. Key Capital Management INC purchased a new position in shares of Home Depot in the fourth quarter worth about $28,000. Financially Speaking Inc purchased a new position in shares of Home Depot in the third quarter worth about $31,000. Navalign LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $31,000. Finally, Disciplined Equity Management Inc. bought a new stake in shares of Home Depot in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Piper Sandler dropped their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday. Guggenheim restated a “buy” rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday. BNP Paribas Exane decreased their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $371.39.

Check Out Our Latest Stock Report on Home Depot

Home Depot Price Performance

HD stock opened at $313.18 on Monday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a market cap of $311.94 billion, a P/E ratio of 22.24, a PEG ratio of 3.62 and a beta of 1.00. The firm has a 50-day moving average of $326.94 and a 200 day moving average of $351.63. 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 released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.02 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

Key Stories Impacting Home Depot

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

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.

See Also

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

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