4,942 Shares in The Home Depot, Inc. $HD Acquired by SHP Wealth Management

SHP Wealth Management acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,942 shares of the home improvement retailer’s stock, valued at approximately $1,700,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC increased its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $25,000. Key Capital Management INC acquired a new stake in shares of Home Depot in the 4th quarter valued at $28,000. Imprint Wealth LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at $34,000. Finally, Abound Financial LLC bought a new stake in Home Depot in the fourth quarter worth $29,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.1%

HD stock opened at $334.72 on Friday. The stock has a market capitalization of $333.75 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97. The company has a 50-day moving average of $323.24 and a two-hundred day moving average of $346.39. 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 current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping 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 business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the company posted $3.56 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on HD shares. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Mizuho reduced their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. UBS Group decreased 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. The Goldman Sachs Group lowered their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada cut their price objective on Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

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.