Montag A & Associates Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 66,525 shares of the home improvement retailer’s stock after buying an additional 1,942 shares during the period. Home Depot makes up approximately 1.0% of Montag A & Associates Inc.’s holdings, making the stock its 24th biggest holding. Montag A & Associates Inc.’s holdings in Home Depot were worth $21,880,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares during the period. State Street Corp boosted its stake in Home Depot by 1.8% in the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after purchasing an additional 825,164 shares during the period. Geode Capital Management LLC increased its holdings in Home Depot by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares in the last quarter. Bank of America Corp DE increased its holdings in Home Depot by 5.6% during the 4th quarter. Bank of America Corp DE now owns 16,063,532 shares of the home improvement retailer’s stock worth $5,527,461,000 after purchasing an additional 851,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Home Depot by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. Institutional investors own 70.86% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on HD shares. Truist Financial reduced their price objective on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. The Goldman Sachs Group cut their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Guggenheim reaffirmed a “buy” rating on shares of Home Depot in a research note on Monday, June 29th. Robert W. Baird lowered their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Mizuho cut their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $371.71.
Home Depot Stock Performance
HD opened at $345.35 on Wednesday. The business’s 50-day simple moving average is $324.37 and its 200 day simple moving average is $345.65. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. 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 firm has a market capitalization of $344.35 billion, a PE ratio of 24.53, a PEG ratio of 4.05 and a beta of 0.95.
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period last year, the company earned $3.56 earnings per share. The business’s 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. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis 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 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.
Read More
- Five stocks we like better than Home Depot
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
