The Home Depot, Inc. $HD Shares Purchased by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 367.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,984 shares of the home improvement retailer’s stock after purchasing an additional 2,345 shares during the quarter. Capstone Wealth Management Group LLC’s holdings in Home Depot were worth $982,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Advocate Investing Services LLC bought a new stake in shares of Home Depot in the fourth quarter worth $25,000. Parvin Asset Management LLC boosted its stake 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 valued at $26,000 after acquiring an additional 33 shares during the last quarter. Cache Advisors LLC bought a new position in Home Depot during the 1st quarter valued at $27,000. Key Capital Management INC acquired a new position in Home Depot during the 4th quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in Home Depot during the 1st quarter worth $28,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD opened at $345.35 on Wednesday. The company has a market cap of $344.35 billion, a PE ratio of 24.53, a P/E/G ratio of 4.05 and a beta of 0.95. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm has a 50-day simple moving average of $324.37 and a 200 day simple moving average of $345.65. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter last year, the company posted $3.56 earnings per share. Home Depot’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. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS 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 given 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 yield of 2.7%. Home Depot’s payout ratio is currently 66.19%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HD shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Gordon Haskett lifted their price target on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. BNP Paribas Exane lowered their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Bank of America started coverage on Home Depot in a research note on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective on the stock. Finally, Piper Sandler reduced their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

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.