J.W. Cole Advisors Inc. lowered its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 7.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,417 shares of the home improvement retailer’s stock after selling 4,951 shares during the period. J.W. Cole Advisors Inc.’s holdings in Home Depot were worth $21,134,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares during the last quarter. Geode Capital Management LLC grew its position in Home Depot by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after acquiring an additional 343,153 shares during the last quarter. Norges Bank bought a new stake in Home Depot during the 4th quarter worth $4,850,329,000. Capital Research Global Investors grew its position in Home Depot by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock worth $4,619,229,000 after acquiring an additional 30,739 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after acquiring an additional 3,836,051 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.
Home Depot Trading Down 0.9%
NYSE HD opened at $310.30 on Friday. The business’s 50-day moving average price is $323.38 and its two-hundred day moving average price is $348.00. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm has a market capitalization of $309.41 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 3.61 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.
Home Depot Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 is Thursday, June 4th. Home Depot’s payout ratio is 66.19%.
More Home Depot News
Here are the key news stories impacting Home Depot this week:
- Negative Sentiment: A TipRanks article says Home Depot is slipping as a new major competitor emerges, adding to concerns that the company may face more pricing and traffic pressure in an already challenging market. Home Depot Stock (NYSE:HD) Slips as New Major Competitor Emerges
- Neutral Sentiment: Jefferies slightly lowered its price target on Home Depot to $360 from $361 while keeping a Buy rating, signaling continued analyst support even though the stock may have limited near-term upside from current levels. Jefferies Adjusts Price Target on Home Depot to $360 From $361, Maintains Buy Rating
- Neutral Sentiment: Recent commentary from The Motley Fool highlighted that Home Depot remains a cyclical business tied to household balance sheets and consumer confidence, but also noted its strength with professional customers, suggesting a mixed outlook rather than a clear catalyst. 3 Things to Know About Home Depot Stock Before You Buy
- Positive Sentiment: Analyst coverage and recent articles have pointed to meaningful upside potential for Home Depot (HD) if valuation support and better housing trends materialize, which could help limit downside and attract dip buyers. How High Can Home Depot’s Stock (HD) Price Rise?
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on HD shares. Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. Sanford C. Bernstein restated a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. Wells Fargo & Company reduced their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Oppenheimer reduced their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Finally, Telsey Advisory Group reduced their price objective on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $371.36.
View Our Latest Stock Report on HD
Home Depot Profile
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.
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