VectorGlobal IAG Inc. Buys Shares of 1,576 The Home Depot, Inc. $HD

VectorGlobal IAG Inc. purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,576 shares of the home improvement retailer’s stock, valued at approximately $518,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ravenstone Capital Management Inc. increased its holdings in shares of Home Depot by 4.8% during the first quarter. Ravenstone Capital Management Inc. now owns 27,633 shares of the home improvement retailer’s stock valued at $9,088,000 after purchasing an additional 1,255 shares during the period. Dakota Community Bank & Trust NA lifted its holdings in Home Depot by 33.9% in the first quarter. Dakota Community Bank & Trust NA now owns 862 shares of the home improvement retailer’s stock worth $284,000 after purchasing an additional 218 shares during the period. FAS Wealth Partners Inc. grew its position in Home Depot by 2.8% in the 1st quarter. FAS Wealth Partners Inc. now owns 14,823 shares of the home improvement retailer’s stock valued at $4,875,000 after buying an additional 402 shares in the last quarter. Farmers National Bank grew its position in Home Depot by 2.5% in the 1st quarter. Farmers National Bank now owns 25,167 shares of the home improvement retailer’s stock valued at $8,277,000 after buying an additional 622 shares in the last quarter. Finally, Wealthquest Corp increased its stake in Home Depot by 8.7% during the 1st quarter. Wealthquest Corp now owns 2,126 shares of the home improvement retailer’s stock valued at $699,000 after buying an additional 170 shares during the period. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on HD shares. Oppenheimer dropped their price target on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Jefferies Financial Group decreased their price objective on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Bank of America initiated coverage on Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price on the stock. Finally, Citigroup cut their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Price Performance

NYSE:HD opened at $332.72 on Monday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The business’s 50-day moving average price is $332.42 and its 200 day moving average price is $343.86. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The firm has a market cap of $331.77 billion, a P/E ratio of 23.63, a PEG ratio of 3.83 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 for the quarter, beating 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 company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the prior year, the company earned $3.56 EPS. Home Depot’s 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. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm 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. 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 presently 66.19%.

Key Headlines Impacting Home Depot

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

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.