B&D White Capital Company LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund bought 9,327 shares of the home improvement retailer’s stock, valued at approximately $3,209,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bard Associates Inc. bought a new stake in Home Depot during the 4th quarter valued at $82,000. Bollard Group LLC boosted its position in Home Depot by 0.6% during the 4th quarter. Bollard Group LLC now owns 5,601 shares of the home improvement retailer’s stock valued at $1,927,000 after acquiring an additional 35 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Home Depot during the 4th quarter valued at $104,000. Ackerman Asset Management LLC boosted its position in Home Depot by 38.7% during the 4th quarter. Ackerman Asset Management LLC now owns 1,064 shares of the home improvement retailer’s stock valued at $366,000 after acquiring an additional 297 shares in the last quarter. Finally, Ally Financial Inc. acquired a new stake in shares of Home Depot in the 4th quarter worth $1,548,000. Institutional investors own 70.86% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HD. Citigroup lowered their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Mizuho lowered their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Morgan Stanley lowered their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Finally, The Goldman Sachs Group lowered their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Nineteen 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.71.
Home Depot Stock Performance
Shares of HD stock opened at $328.37 on Friday. The firm has a market capitalization of $327.42 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 3.79 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 business has a fifty day moving average of $322.44 and a 200 day moving average of $347.04. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75.
Home Depot (NYSE:HD – Get Free Report) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s quarterly revenue was up 4.8% on a year-over-year basis. 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. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is 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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