Catalyst Capital Advisors LLC Lowers Stock Position in The Home Depot, Inc. $HD

Catalyst Capital Advisors LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 41.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,427 shares of the home improvement retailer’s stock after selling 1,738 shares during the period. Catalyst Capital Advisors LLC’s holdings in Home Depot were worth $835,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HD. Parvin Asset Management LLC lifted its position in shares of Home Depot by 110.0% in 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. Key Capital Management INC purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $28,000. Financially Speaking Inc purchased a new stake in shares of Home Depot in the 3rd quarter worth approximately $31,000. Navalign LLC purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $31,000. Finally, Disciplined Equity Management Inc. purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.2%

HD stock opened at $317.41 on Friday. The firm’s fifty day simple moving average is $324.70 and its 200-day simple moving average is $349.76. The company has a market capitalization of $316.15 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. The business 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 business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is 66.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HD shares. The Goldman Sachs Group lowered their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Evercore reduced their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. DA Davidson reduced their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings lowered shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, TD Cowen reduced their price objective on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $371.39.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is owned by company insiders.

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.