Compass Capital Management Inc. Has $102.89 Million Position in The Home Depot, Inc. $HD

Compass Capital Management Inc. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 1,286.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 312,835 shares of the home improvement retailer’s stock after acquiring an additional 290,267 shares during the period. Home Depot comprises approximately 6.0% of Compass Capital Management Inc.’s portfolio, making the stock its biggest holding. Compass Capital Management Inc.’s holdings in Home Depot were worth $102,888,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after acquiring an additional 1,325,748 shares during the last quarter. State Street Corp increased its stake in 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 acquiring an additional 825,164 shares during the last quarter. Geode Capital Management LLC increased its stake in 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 acquiring an additional 343,153 shares during the last quarter. Bank of America Corp DE raised its position in Home Depot by 1.6% during the first quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock valued at $5,365,629,000 after purchasing an additional 250,825 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in 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 valued at $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 0.2%

Shares of NYSE:HD opened at $332.72 on Friday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The business has a 50 day simple moving average of $332.42 and a two-hundred day simple moving average of $344.08. The firm has a market capitalization of $331.77 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 3.85 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

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

Home Depot Announces Dividend

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

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Leadership realignment targets growth: Home Depot is combining its merchandising, customer experience and Pro-focused operations to create a more seamless customer experience and capture a larger share of the estimated $1.2 trillion home-improvement market. Management says the changes are intended to strengthen the core business, improve innovation and win more professional customers. The Home Depot Announces Organizational Realignment
• Positive Sentiment: Greater investment in digital advertising: Home Depot is reportedly among the major brands increasing advertising on ChatGPT as OpenAI expands its mobile advertising business. If effective, the channel could help the retailer reach consumers researching home projects and drive online sales. Brands Betting Bigger on ChatGPT Ads

Analysts Set New Price Targets

A number of equities analysts have recently commented on HD shares. DA Davidson reiterated a “buy” rating and issued a $377.00 target price on shares of Home Depot in a report on Monday, July 27th. Wolfe Research lowered Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Oppenheimer decreased their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Truist Financial lowered their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Finally, Mizuho dropped their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target 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.