Pullen Investment Management LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) in the first quarter, Holdings Channel reports. The firm purchased 4,237 shares of the home improvement retailer’s stock, valued at approximately $1,394,000.
Several other institutional investors have also recently bought and sold shares of the business. Advocate Investing Services LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $25,000. Parvin Asset Management LLC raised its holdings in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Key Capital Management INC acquired a new stake in shares of Home Depot in the 4th quarter worth about $28,000. Abound Financial LLC bought a new position in Home Depot in the 4th quarter valued at about $29,000. Finally, Osbon Capital Management LLC bought a new position in Home Depot in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on the company. Gordon Haskett boosted their price objective on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $346.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Robert W. Baird cut their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, The Goldman Sachs Group decreased their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $371.71.
Home Depot Trading Up 0.1%
Shares of HD stock opened at $334.72 on Monday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The company has a market capitalization of $333.75 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.86 and a beta of 0.97. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a 50-day simple moving average of $323.24 and a two-hundred day simple moving average of $346.31.
Home Depot (NYSE:HD – Get Free Report) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter last year, the firm earned $3.56 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.
Home Depot Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 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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