Vestcor Inc reduced its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 17.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,769 shares of the home improvement retailer’s stock after selling 5,647 shares during the quarter. Vestcor Inc’s holdings in Home Depot were worth $9,211,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of HD. Brighton Jones LLC boosted its position in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Sivia Capital Partners LLC increased its stake in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after acquiring an additional 173 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after acquiring an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Home Depot in the 2nd quarter worth about $1,773,000. Finally, Financial Advisors Network Inc. increased its stake in Home Depot by 11.3% in the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after acquiring an additional 241 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
HD has been the topic of a number of research analyst reports. Piper Sandler decreased their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Wolfe Research reiterated an “outperform” rating and set a $365.00 target price on shares of Home Depot in a research report on Tuesday, May 19th. Weiss Ratings lowered shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Oppenheimer dropped their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday, May 18th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $371.36.
Home Depot Trading Up 0.3%
Shares of Home Depot stock opened at $310.73 on Friday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a market cap of $309.83 billion, a PE ratio of 22.07, a PEG ratio of 3.58 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The company has a 50 day simple moving average of $322.95 and a two-hundred day simple moving average of $347.74.
Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued 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 presently 66.19%.
Home Depot Company 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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