Pacer Advisors Inc. Reduces Stock Position in The Home Depot, Inc. $HD

Pacer Advisors Inc. lessened its stake in The Home Depot, Inc. (NYSE:HD) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,705 shares of the home improvement retailer’s stock after selling 13,419 shares during the period. Pacer Advisors Inc.’s holdings in Home Depot were worth $27,771,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Titan Investment Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at $1,986,000. DiPaolo Financial Group Inc. purchased a new position in shares of Home Depot in the 4th quarter worth $214,000. Nolet Wealth Management LLC bought a new stake in shares of Home Depot in the fourth quarter worth $338,000. Lynch Investment Planning LLC bought a new stake in shares of Home Depot in the fourth quarter worth $561,000. Finally, Floyd Financial Group LLC purchased a new stake in Home Depot during the fourth quarter valued at $1,006,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. HSBC cut their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Truist Financial lowered their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Evercore lowered their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada dropped their price objective on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Price Performance

NYSE HD opened at $334.72 on Friday. The company has a market capitalization of $333.75 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97. 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 business’s fifty day moving average is $323.24 and its 200 day moving average is $346.39. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is 66.19%.

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.