Cinctive Capital Management LP Has $12.23 Million Stock Position in The Home Depot, Inc. $HD

Cinctive Capital Management LP reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 36.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,539 shares of the home improvement retailer’s stock after selling 20,705 shares during the period. Cinctive Capital Management LP’s holdings in Home Depot were worth $12,229,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HD. Brighton Jones LLC raised its holdings in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the period. Sivia Capital Partners LLC raised its holdings in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after buying an additional 173 shares during the period. Schnieders Capital Management LLC. raised its holdings in Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after buying an additional 1,433 shares during the period. Darwin Wealth Management LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. raised its holdings in Home Depot by 11.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after buying an additional 241 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the topic of several research analyst reports. Bank of America initiated coverage on shares of Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price on the stock. Sanford C. Bernstein reiterated a “market perform” rating and issued a $346.00 price objective on shares of Home Depot in a report on Wednesday, May 20th. The Goldman Sachs Group cut their price objective on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Oppenheimer reduced their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a report on Monday, May 18th. Finally, Wells Fargo & Company reduced their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

Shares of HD opened at $327.69 on Thursday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm has a fifty day simple moving average of $322.94 and a 200 day simple moving average of $346.63. The stock has a market capitalization of $326.74 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 3.89 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $41.59 billion. During the same quarter in the prior year, the company posted $3.56 earnings per share. The firm’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. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s payout ratio is presently 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.