Silver Oak Securities Incorporated cut its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 29.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,728 shares of the home improvement retailer’s stock after selling 3,645 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Home Depot were worth $2,870,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new stake in Home Depot during the 4th quarter valued at $25,000. Parvin Asset Management LLC lifted its position in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Cache Advisors LLC acquired a new position in Home Depot during the 1st quarter valued at about $27,000. Key Capital Management INC acquired a new position in Home Depot during the 4th quarter valued at about $28,000. Finally, Abound Financial LLC bought a new stake in Home Depot during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Citigroup decreased their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Evercore lowered their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Wolfe Research downgraded shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday. Finally, UBS Group reduced their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.
Home Depot Stock Performance
Shares of HD opened at $348.60 on Friday. The stock has a 50 day moving average of $322.98 and a 200 day moving average of $345.78. The company has a market capitalization of $347.60 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 3.98 and a beta of 0.97. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. 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 (NYSE:HD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.
Home Depot Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio is presently 66.19%.
About Home Depot
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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