BXM Wealth LLC Sells 5,158 Shares of The Home Depot, Inc. $HD

BXM Wealth LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 85.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 894 shares of the home improvement retailer’s stock after selling 5,158 shares during the period. BXM Wealth LLC’s holdings in Home Depot were worth $294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Advocate Investing Services LLC acquired a new stake in Home Depot in the fourth quarter worth $25,000. Parvin Asset Management LLC boosted its position in shares of Home Depot by 110.0% during the third 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 in the last quarter. Cache Advisors LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $27,000. Key Capital Management INC acquired a new position in shares of Home Depot in the 4th quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Home Depot in the 1st quarter valued at $28,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.5%

Home Depot stock opened at $350.54 on Tuesday. The company has a market cap of $349.53 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 4.03 and a beta of 0.97. The firm has a 50-day moving average of $323.25 and a 200-day moving average of $345.79. 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 one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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 yield of 2.7%. Home Depot’s dividend payout ratio is currently 66.19%.

Analysts Set New Price Targets

Several brokerages recently commented on HD. HSBC dropped their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research note on Wednesday, May 20th. Morgan Stanley dropped their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. cut their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Robert W. Baird decreased their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Company 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.