Wealthspire Advisors LLC Buys 12,421 Shares of The Home Depot, Inc. $HD

Wealthspire Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 54.9% in the 4th quarter, HoldingsChannel reports. The firm owned 35,061 shares of the home improvement retailer’s stock after acquiring an additional 12,421 shares during the quarter. Wealthspire Advisors LLC’s holdings in Home Depot were worth $12,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Home Depot by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. Geode Capital Management LLC increased its stake in Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock valued at $8,151,344,000 after purchasing an additional 343,153 shares in the last quarter. Norges Bank bought a new stake in Home Depot in the fourth quarter valued at $4,850,329,000. Capital World Investors increased its stake in Home Depot by 1.6% in the fourth quarter. Capital World Investors now owns 13,147,117 shares of the home improvement retailer’s stock valued at $4,524,166,000 after purchasing an additional 201,694 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in Home Depot by 0.3% in the third quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock valued at $4,619,229,000 after purchasing an additional 30,739 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.7%

Shares of HD stock opened at $328.37 on Friday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. 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 company has a 50-day simple moving average of $322.44 and a two-hundred day simple moving average of $347.04. The company has a market capitalization of $327.42 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.76 and a beta of 0.97.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 business 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 firm posted $3.56 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. 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 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be 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 of this dividend is Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Wolfe Research reaffirmed an “outperform” rating and issued a $365.00 price target on shares of Home Depot in a research note on Tuesday, May 19th. Robert W. Baird decreased their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Telsey Advisory Group decreased their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, UBS Group decreased their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $371.36.

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.