Landscape Capital Management L.L.C. Purchases 9,023 Shares of The Home Depot, Inc. $HD

Landscape Capital Management L.L.C. boosted its position in The Home Depot, Inc. (NYSE:HD) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,045 shares of the home improvement retailer’s stock after purchasing an additional 9,023 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Home Depot were worth $6,209,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HD. Advocate Investing Services LLC bought a new position in shares of Home Depot during the fourth quarter valued at $25,000. Parvin Asset Management LLC increased its holdings in shares of Home Depot by 110.0% during 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 in the last quarter. Key Capital Management INC bought a new position in shares of Home Depot during the fourth quarter valued at $28,000. Navalign LLC bought a new position in shares of Home Depot during the fourth quarter valued at $31,000. Finally, Disciplined Equity Management Inc. bought a new position in shares of Home Depot during the fourth quarter valued at $34,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HD. Morgan Stanley reduced their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. DA Davidson reduced 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. Royal Bank Of Canada reduced their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a report on Wednesday, May 20th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $346.00 price target on shares of Home Depot in a report on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Trading Up 0.7%

Home Depot stock opened at $328.37 on Friday. 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 one year low of $289.10 and a one year high of $426.75. The stock has a market capitalization of $327.42 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.79 and a beta of 0.97. The business’s fifty day moving average is $322.44 and its 200 day moving average is $347.04.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

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.