Wealthcare Advisory Partners LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 20.7% in the second quarter, Holdings Channel.com reports. The firm owned 41,673 shares of the home improvement retailer’s stock after selling 10,902 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Home Depot were worth $14,697,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in HD. Brighton Jones LLC lifted its position in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after acquiring an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Home Depot in the second quarter worth $1,773,000. Finally, Financial Advisors Network Inc. raised its holdings in shares of Home Depot by 11.3% during the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after acquiring an additional 241 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on HD shares. Citigroup lowered their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Jefferies Financial Group reduced their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, June 4th. UBS Group lowered their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Oppenheimer dropped their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Finally, Gordon Haskett raised their price objective on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.
Home Depot Trading Down 1.5%
Home Depot stock opened at $350.23 on Tuesday. 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 business’s 50-day simple moving average is $336.54 and its 200-day simple moving average is $342.65. The firm has a market capitalization of $349.22 billion, a PE ratio of 24.87, a PEG ratio of 4.11 and a beta of 0.95. 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 posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 EPS. The firm’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. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.
Home Depot Dividend Announcement
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. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. 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.
Featured Stories
- Five stocks we like better than Home Depot
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
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.
