Main Street Financial Solutions LLC Lowers Stock Holdings in The Home Depot, Inc. $HD

Main Street Financial Solutions LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,118 shares of the home improvement retailer’s stock after selling 1,925 shares during the period. Main Street Financial Solutions LLC’s holdings in Home Depot were worth $2,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Advocate Investing Services LLC acquired a new position in Home Depot in the fourth quarter valued at $25,000. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Key Capital Management INC acquired a new position in Home Depot in the fourth quarter valued at $28,000. Abound Financial LLC acquired a new position in Home Depot in the fourth quarter valued at $29,000. Finally, Navalign LLC acquired a new position in Home Depot in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Jefferies Financial Group reduced their target price on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Daiwa Securities Group lifted their target price on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. DA Davidson reduced their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Finally, Piper Sandler reduced their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Trading Down 2.8%

Shares of HD opened at $327.69 on Thursday. The stock’s 50-day moving average is $322.94 and its two-hundred day moving average is $346.63. The stock has a market cap of $326.74 billion, a PE ratio of 23.27, a P/E/G ratio of 3.89 and a beta of 0.97. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 company had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts forecast 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 will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. 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 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.