Pacer Advisors Inc. lowered its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 35.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 52,191 shares of the home improvement retailer’s stock after selling 28,514 shares during the period. Pacer Advisors Inc.’s holdings in Home Depot were worth $17,165,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Advocate Investing Services LLC purchased a new position in shares of Home Depot in the fourth quarter valued at about $25,000. Parvin Asset Management LLC grew its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth about $27,000. Key Capital Management INC bought a new stake in Home Depot during the 4th quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Home Depot in the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in on HD. Royal Bank Of Canada dropped their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Citigroup cut their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $346.00 price target on shares of Home Depot in a report on Wednesday, May 20th. Finally, Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.
Home Depot Price Performance
HD stock opened at $348.63 on Wednesday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The firm has a market capitalization of $347.63 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 3.93 and a beta of 0.95. The company has a fifty day simple moving average of $333.71 and a two-hundred day simple moving average of $343.39. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.
Home Depot (NYSE:HD – Get Free Report) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.
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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