Rice Partnership LLC Cuts Position in The Home Depot, Inc. $HD

Rice Partnership LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 43.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,992 shares of the home improvement retailer’s stock after selling 4,531 shares during the period. Rice Partnership LLC’s holdings in Home Depot were worth $1,971,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HD. Advocate Investing Services LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the period. Cache Advisors LLC acquired a new stake in shares of Home Depot in the first quarter worth $27,000. Key Capital Management INC acquired a new stake in shares of Home Depot in the fourth quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot in the first quarter worth $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HD shares. BNP Paribas Exane reduced their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. DA Davidson lowered their price target on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. UBS Group cut their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Bank of America began coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. Eighteen equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Trading Down 1.7%

NYSE HD opened at $332.96 on Tuesday. The stock has a market cap of $332.01 billion, a P/E ratio of 23.65, a PEG ratio of 3.91 and a beta of 0.95. The company’s fifty day simple moving average is $327.39 and its 200-day simple moving average is $345.13. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.

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 firm 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%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were 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 was Thursday, June 4th. Home Depot’s payout ratio is presently 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.