Chesley Taft & Associates LLC decreased its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,835 shares of the home improvement retailer’s stock after selling 4,082 shares during the period. Chesley Taft & Associates LLC’s holdings in Home Depot were worth $21,455,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in HD. Parvin Asset Management LLC grew its position in Home Depot by 110.0% during the third 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 during the last quarter. Advocate Investing Services LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $25,000. Key Capital Management INC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $28,000. Cache Advisors LLC purchased a new stake in shares of Home Depot in the 1st quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new position in shares of Home Depot during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on HD shares. Stifel Nicolaus decreased their target price on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Mizuho cut their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Piper Sandler decreased their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Bank of America began coverage on Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. Finally, Telsey Advisory Group dropped their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $371.71.
Home Depot Trading Up 1.7%
NYSE:HD opened at $355.41 on Friday. The firm has a market capitalization of $354.39 billion, a P/E ratio of 25.24, a P/E/G ratio of 4.03 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The company has a fifty day moving average of $335.75 and a 200 day moving average of $343.09. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.
Home Depot (NYSE:HD – Get Free Report) last announced its quarterly 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter last year, the firm earned $3.56 EPS. The company’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. On average, research analysts predict 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 was paid on Thursday, June 18th. Stockholders 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 dividend yield of 2.6%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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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