Sowell Financial Services LLC Grows Stock Position in The Home Depot, Inc. $HD

Sowell Financial Services LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,156 shares of the home improvement retailer’s stock after buying an additional 1,836 shares during the period. Sowell Financial Services LLC’s holdings in Home Depot were worth $6,936,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Sagard Holdings Management Inc. acquired a new stake in Home Depot during the 2nd quarter valued at $29,000. Financially Speaking Inc acquired a new stake in Home Depot during the 3rd quarter valued at $31,000. Disciplined Equity Management Inc. acquired a new stake in Home Depot during the 4th quarter valued at $34,000. Finally, Imprint Wealth LLC acquired a new stake in Home Depot during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $326.31 on Tuesday. The firm has a market capitalization of $325.01 billion, a P/E ratio of 22.93, a PEG ratio of 3.51 and a beta of 1.09. The stock has a fifty day moving average price of $359.85 and a 200 day moving average price of $366.64. The Home Depot, Inc. has a 52 week low of $318.66 and a 52 week high of $426.75. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $2.33 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s payout ratio is 65.50%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HD. Piper Sandler lowered their target price on Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Citigroup lifted their price target on shares of Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. Finally, Jefferies Financial Group lifted their price target on shares of Home Depot from $424.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $414.17.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.