Waverly Advisors LLC Raises Stock Holdings in The Home Depot, Inc. $HD

Waverly Advisors LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 13.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 156,077 shares of the home improvement retailer’s stock after acquiring an additional 17,925 shares during the period. Waverly Advisors LLC’s holdings in Home Depot were worth $51,332,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HD. Epoch Investment Partners Inc. grew its position in shares of Home Depot by 8.7% in the 1st quarter. Epoch Investment Partners Inc. now owns 172,028 shares of the home improvement retailer’s stock worth $56,578,000 after acquiring an additional 13,836 shares in the last quarter. Dempze Nancy E increased its stake in Home Depot by 2.0% during the first quarter. Dempze Nancy E now owns 13,780 shares of the home improvement retailer’s stock valued at $4,532,000 after purchasing an additional 269 shares during the last quarter. Bollard Group LLC raised its holdings in shares of Home Depot by 1.5% during the first quarter. Bollard Group LLC now owns 5,686 shares of the home improvement retailer’s stock worth $1,870,000 after purchasing an additional 85 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Home Depot by 0.5% during the first quarter. Public Employees Retirement System of Ohio now owns 402,454 shares of the home improvement retailer’s stock worth $132,363,000 after purchasing an additional 1,886 shares during the period. Finally, Aristides Capital LLC lifted its position in shares of Home Depot by 15.5% in the 1st quarter. Aristides Capital LLC now owns 10,720 shares of the home improvement retailer’s stock worth $3,526,000 after buying an additional 1,440 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Stifel Nicolaus cut their target price on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Morgan Stanley decreased their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. UBS Group lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, Mizuho dropped their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

Shares of HD stock opened at $332.86 on Friday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month 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. The firm has a market capitalization of $331.91 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.84 and a beta of 0.95. The business has a 50 day simple moving average of $329.52 and a 200 day simple moving average of $344.73.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.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 business earned $3.56 EPS. 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. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend 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.