Sapient Capital LLC Reduces Stock Holdings in The Home Depot, Inc. $HD

Sapient Capital LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 11.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 65,126 shares of the home improvement retailer’s stock after selling 8,432 shares during the period. Sapient Capital LLC’s holdings in Home Depot were worth $21,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Dakota Community Bank & Trust NA lifted its holdings in Home Depot by 33.9% during the first quarter. Dakota Community Bank & Trust NA now owns 862 shares of the home improvement retailer’s stock valued at $284,000 after purchasing an additional 218 shares during the last quarter. FAS Wealth Partners Inc. increased its stake in shares of Home Depot by 2.8% in the first quarter. FAS Wealth Partners Inc. now owns 14,823 shares of the home improvement retailer’s stock worth $4,875,000 after purchasing an additional 402 shares in the last quarter. Farmers National Bank raised its position in shares of Home Depot by 2.5% in the first quarter. Farmers National Bank now owns 25,167 shares of the home improvement retailer’s stock valued at $8,277,000 after purchasing an additional 622 shares during the period. Wealthquest Corp raised its position in shares of Home Depot by 8.7% in the first quarter. Wealthquest Corp now owns 2,126 shares of the home improvement retailer’s stock valued at $699,000 after purchasing an additional 170 shares during the period. Finally, Blue Edge Capital LLC lifted its stake in shares of Home Depot by 0.4% during the 1st quarter. Blue Edge Capital LLC now owns 16,011 shares of the home improvement retailer’s stock valued at $5,266,000 after buying an additional 67 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 0.2%

Shares of HD opened at $332.72 on Monday. The firm’s 50 day simple moving average is $332.42 and its 200 day simple moving average is $343.86. The company has a market capitalization of $331.77 billion, a P/E ratio of 23.63, a P/E/G ratio of 3.83 and a beta of 0.95. 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 1-year low of $289.10 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results 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. The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Key Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Leadership realignment targets growth: Home Depot is combining its merchandising, customer experience and Pro-focused operations to create a more seamless customer experience and capture a larger share of the estimated $1.2 trillion home-improvement market. Management says the changes are intended to strengthen the core business, improve innovation and win more professional customers. The Home Depot Announces Organizational Realignment
• Positive Sentiment: Greater investment in digital advertising: Home Depot is reportedly among the major brands increasing advertising on ChatGPT as OpenAI expands its mobile advertising business. If effective, the channel could help the retailer reach consumers researching home projects and drive online sales. Brands Betting Bigger on ChatGPT Ads

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HD shares. UBS Group lowered their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Truist Financial cut their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Bank of America initiated coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price target for the company. Argus decreased their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group dropped 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. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.