The Home Depot, Inc. $HD Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 3.3% during the first quarter, Holdings Channel reports. The institutional investor owned 91,304 shares of the home improvement retailer’s stock after selling 3,094 shares during the quarter. Madison Asset Management LLC’s holdings in Home Depot were worth $30,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parvin Asset Management LLC lifted its holdings in Home Depot by 110.0% in the third 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 period. Advocate Investing Services LLC purchased a new position in shares of Home Depot in the 4th quarter valued at about $25,000. Key Capital Management INC purchased a new position in shares of Home Depot in the 4th quarter valued at about $28,000. Cache Advisors LLC acquired a new stake in shares of Home Depot in the first quarter valued at about $27,000. Finally, Imprint Wealth LLC purchased a new stake in Home Depot during the third quarter worth about $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $332.96 on Tuesday. 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 company has a market capitalization of $332.01 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95. The firm has a 50-day moving average price of $327.39 and a two-hundred day moving average price of $345.13. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last announced 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 company had revenue of $41.77 billion for 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 company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America started coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. Evercore decreased their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. UBS Group lowered their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Wolfe Research downgraded Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group reduced their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.