The Home Depot, Inc. $HD Shares Purchased by Focus Partners Wealth

Focus Partners Wealth increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 29.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 687,479 shares of the home improvement retailer’s stock after purchasing an additional 156,357 shares during the period. Focus Partners Wealth’s holdings in Home Depot were worth $238,623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. State Street Corp grew its stake in shares of Home Depot by 1.8% during the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after purchasing an additional 825,164 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Home Depot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after purchasing an additional 1,113,114 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Home Depot during the fourth quarter worth $4,850,329,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $328.37 on Monday. 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 1 year low of $289.10 and a 1 year high of $426.75. The company has a market capitalization of $327.42 billion, a PE ratio of 23.32, a P/E/G ratio of 3.79 and a beta of 0.97. The company has a fifty day moving average of $322.44 and a two-hundred day moving average of $347.12.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the firm posted $3.56 earnings per share. Home Depot’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. TD Cowen decreased 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. Truist Financial decreased their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Daiwa Securities Group upped their price objective on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Finally, HSBC decreased their price objective on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

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.