2,811 Shares in The Home Depot, Inc. $HD Bought by Piedmont Capital Management LLC NC

Piedmont Capital Management LLC NC purchased a new position 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 and Exchange Commission. The fund purchased 2,811 shares of the home improvement retailer’s stock, valued at approximately $967,000. Home Depot accounts for about 0.6% of Piedmont Capital Management LLC NC’s holdings, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new stake in Home Depot during the 4th quarter worth $25,000. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% in 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. Key Capital Management INC bought a new stake in shares of Home Depot in the 4th quarter worth about $28,000. Navalign LLC bought a new stake in shares of Home Depot in the 4th quarter worth about $31,000. Finally, Disciplined Equity Management Inc. bought a new stake in shares of Home Depot in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.0%

NYSE HD opened at $328.37 on Monday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a 50-day simple moving average of $322.44 and a 200-day simple moving average of $347.12. 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 firm has a market capitalization of $327.42 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.79 and a beta of 0.97.

Home Depot (NYSE:HD) last posted 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the business posted $3.56 EPS. The company’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, equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Morgan Stanley dropped their target price 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. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Wolfe Research reissued an “outperform” rating and issued a $365.00 target price on shares of Home Depot in a research report on Tuesday, May 19th. Finally, Citigroup dropped their target price 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. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.