Private Advisor Group LLC Trims Holdings in The Home Depot, Inc. $HD

Private Advisor Group LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,265 shares of the home improvement retailer’s stock after selling 7,474 shares during the period. Private Advisor Group LLC’s holdings in Home Depot were worth $36,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. Optas LLC grew its holdings in shares of Home Depot by 12.2% during the first quarter. Optas LLC now owns 2,356 shares of the home improvement retailer’s stock worth $775,000 after buying an additional 256 shares in the last quarter. DeDora Capital Inc. lifted its stake in shares of Home Depot by 1.9% during the first quarter. DeDora Capital Inc. now owns 13,711 shares of the home improvement retailer’s stock valued at $4,509,000 after buying an additional 259 shares during the period. Y Intercept Hong Kong Ltd boosted its position in Home Depot by 273.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 53,815 shares of the home improvement retailer’s stock worth $17,699,000 after acquiring an additional 39,400 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Home Depot by 62.1% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 259,680 shares of the home improvement retailer’s stock worth $85,406,000 after acquiring an additional 99,470 shares during the last quarter. Finally, New World Advisors LLC boosted its position in Home Depot by 16.5% during the first quarter. New World Advisors LLC now owns 2,744 shares of the home improvement retailer’s stock worth $902,000 after acquiring an additional 388 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $357.73 on Friday. The Home Depot, Inc. has a one year low of $289.10 and a one year 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 moving average price of $323.97 and a 200 day moving average price of $345.83. The firm has a market capitalization of $356.69 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.95.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HD. Telsey Advisory Group cut their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Mizuho decreased their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. HSBC lowered their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Wolfe Research lowered Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.