Navigation Group LLC Acquires New Shares in The Home Depot, Inc. $HD

Navigation Group LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,581 shares of the home improvement retailer’s stock, valued at approximately $849,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Parvin Asset Management LLC grew its stake 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 buying an additional 33 shares during the last quarter. Advocate Investing Services LLC bought a new position 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 during the 4th quarter valued at $28,000. Cache Advisors LLC acquired a new stake in shares of Home Depot during the 1st quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new stake in Home Depot during the 3rd quarter worth $34,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $341.62 on Thursday. 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 Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a 50 day simple moving average of $326.03 and a two-hundred day simple moving average of $345.29. The company has a market capitalization of $340.64 billion, a PE ratio of 24.26, a P/E/G ratio of 3.90 and a beta of 0.95.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $41.59 billion. During the same quarter in the previous year, the company earned $3.56 EPS. The company’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. Research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued 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 payout ratio is presently 66.19%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Stifel Nicolaus lowered their target price on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. The Goldman Sachs Group cut their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Oppenheimer lowered their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. Wells Fargo & Company dropped their price objective on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Truist Financial dropped their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $371.71.

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.