Clare Market Investments LLC acquired a new position in The Home Depot, Inc. (NYSE:HD – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 2,252 shares of the home improvement retailer’s stock, valued at approximately $741,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parvin Asset Management LLC grew 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 buying an additional 33 shares during the period. Advocate Investing Services LLC bought a new stake in Home Depot during the fourth quarter worth about $25,000. Key Capital Management INC purchased a new stake in Home Depot in the fourth quarter worth about $28,000. Cache Advisors LLC bought a new position in shares of Home Depot during the first quarter valued at approximately $27,000. Finally, Imprint Wealth LLC bought a new position in shares of Home Depot during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.3%

Home Depot stock opened at $351.56 on Tuesday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a fifty day simple moving average of $323.97 and a two-hundred day simple moving average of $345.75. 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 firm has a market cap of $350.54 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 4.13 and a beta of 0.95.

Home Depot (NYSE:HD – Get Free Report) 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 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 the consensus estimate of $41.59 billion. During the same period in the prior year, the company 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. Equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio is currently 66.19%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Guggenheim restated a “buy” rating on shares of Home Depot in a research note on Monday, June 29th. Telsey Advisory Group dropped their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Truist Financial cut their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. The Goldman Sachs Group reduced their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, DA Davidson lowered their price target on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Read Our Latest Report on HD

Home Depot Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).

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