CFS Investment Advisory Services LLC Decreases Holdings in The Home Depot, Inc. $HD

CFS Investment Advisory Services LLC lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 48.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,551 shares of the home improvement retailer’s stock after selling 3,370 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Home Depot were worth $1,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Constant Guidance Financial LLC increased its stake in shares of Home Depot by 2.0% in the 4th quarter. Constant Guidance Financial LLC now owns 4,519 shares of the home improvement retailer’s stock worth $1,555,000 after purchasing an additional 90 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in Home Depot by 11.5% in the 4th quarter. Baker Avenue Asset Management LP now owns 35,098 shares of the home improvement retailer’s stock worth $12,077,000 after acquiring an additional 3,627 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in Home Depot in the 4th quarter worth approximately $133,000. Castlekeep Investment Advisors LLC increased its holdings in Home Depot by 5.7% in the 4th quarter. Castlekeep Investment Advisors LLC now owns 2,505 shares of the home improvement retailer’s stock worth $862,000 after acquiring an additional 134 shares in the last quarter. Finally, IPG Investment Advisors LLC increased its holdings in Home Depot by 9.2% in the 4th quarter. IPG Investment Advisors LLC now owns 7,137 shares of the home improvement retailer’s stock worth $2,456,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.08% of the stock is owned by company insiders.

Home Depot Stock Down 1.2%

Shares of NYSE HD opened at $317.41 on Friday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The firm has a market capitalization of $316.15 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 3.71 and a beta of 1.00. The stock has a 50 day moving average price of $324.70 and a 200 day moving average price of $349.76. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

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, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter last year, the firm earned $3.56 EPS. The business’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. Sell-side analysts expect that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. Citigroup cut their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Morgan Stanley cut their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, BNP Paribas Exane cut their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.39.

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.