Gerber Kawasaki Wealth & Investment Management Decreases Stock Holdings in The Home Depot, Inc. $HD

Gerber Kawasaki Wealth & Investment Management trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,775 shares of the home improvement retailer’s stock after selling 3,789 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Home Depot were worth $11,622,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. King Luther Capital Management Corp lifted its position in shares of Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after buying an additional 7,180 shares during the last quarter. Carnegie Investment Counsel lifted its position in shares of Home Depot by 24.8% during the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after buying an additional 21,545 shares during the last quarter. Savvy Advisors Inc. raised its position in shares of Home Depot by 36.0% in the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after purchasing an additional 5,152 shares during the last quarter. Mariner LLC raised its position in shares of Home Depot by 3.7% in the 3rd quarter. Mariner LLC now owns 1,136,584 shares of the home improvement retailer’s stock valued at $460,544,000 after purchasing an additional 40,693 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Home Depot by 320.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock valued at $3,886,000 after purchasing an additional 8,606 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $328.37 on Friday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company’s 50 day moving average is $322.44 and its 200 day moving average is $347.04. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The company has a market cap of $327.42 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.76 and a beta of 0.97.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the company earned $3.56 EPS. Home Depot’s quarterly 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, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio is 66.19%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Morgan Stanley decreased their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Citigroup decreased their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Wolfe Research reaffirmed an “outperform” rating and issued a $365.00 price objective on shares of Home Depot in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada decreased their price objective on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $371.36.

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.