Sterling Capital Management LLC Sells 15,175 Shares of The Home Depot, Inc. $HD

Sterling Capital Management LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,626 shares of the home improvement retailer’s stock after selling 15,175 shares during the period. Home Depot comprises 0.9% of Sterling Capital Management LLC’s holdings, making the stock its 24th biggest holding. Sterling Capital Management LLC’s holdings in Home Depot were worth $48,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Parvin Asset Management LLC increased 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 worth $26,000 after purchasing an additional 33 shares during the period. Advocate Investing Services LLC purchased a new stake in shares of Home Depot in the 4th quarter worth $25,000. Key Capital Management INC bought a new position in shares of Home Depot during the 4th quarter worth $28,000. Cache Advisors LLC purchased a new position in shares of Home Depot during the first quarter valued at $27,000. Finally, Imprint Wealth LLC purchased a new position in shares of Home Depot during the third quarter valued at $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on HD shares. DA Davidson decreased their price objective on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Morgan Stanley cut their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Wells Fargo & Company reduced their price target 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. TD Cowen lowered their price target on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, Piper Sandler dropped their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Price Performance

Shares of HD stock opened at $348.60 on Monday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The stock’s 50-day moving average is $322.98 and its 200 day moving average is $345.75. The company has a market cap of $347.60 billion, a P/E ratio of 24.76, a PEG ratio of 4.03 and a beta of 0.97. 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 announced its earnings results 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 business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period 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. Research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company 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. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

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.