Sit Investment Associates Inc. Acquires 3,010 Shares of The Home Depot, Inc. $HD

Sit Investment Associates Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,105 shares of the home improvement retailer’s stock after acquiring an additional 3,010 shares during the quarter. Sit Investment Associates Inc.’s holdings in Home Depot were worth $21,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Advocate Investing Services LLC bought a new position in Home Depot in the 4th quarter worth $25,000. Parvin Asset Management LLC grew its holdings 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 purchasing an additional 33 shares during the period. Key Capital Management INC bought a new stake in Home Depot during the fourth quarter valued at about $28,000. Abound Financial LLC purchased a new stake in Home Depot in the fourth quarter worth about $29,000. Finally, Navalign LLC purchased a new stake in Home Depot in the fourth quarter worth about $31,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HD shares. Argus dropped their price target on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Citigroup decreased their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Bank of America started coverage on shares of Home Depot in a research note on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price on the stock. Royal Bank Of Canada dropped their target price on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a report on Wednesday, May 20th. Finally, TD Cowen cut their price target on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Trading Up 0.1%

HD stock opened at $334.72 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The business has a 50 day simple moving average of $323.24 and a two-hundred day simple moving average of $346.39. 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.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating 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 business posted $3.56 earnings per share. The company’s revenue for the quarter 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 business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. 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 payout ratio is currently 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.