Catalyst Capital Advisors LLC Sells 1,738 Shares of The Home Depot, Inc. $HD

Catalyst Capital Advisors LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 41.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,427 shares of the home improvement retailer’s stock after selling 1,738 shares during the period. Catalyst Capital Advisors LLC’s holdings in Home Depot were worth $835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Parvin Asset Management LLC grew its stake 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 in the last quarter. Key Capital Management INC purchased a new position in shares of Home Depot in the 4th quarter worth $28,000. Financially Speaking Inc purchased a new position in shares of Home Depot in the 3rd quarter worth $31,000. Navalign LLC purchased a new position in shares of Home Depot in the 4th quarter worth $31,000. Finally, Disciplined Equity Management Inc. purchased a new position in shares of Home Depot in the 4th quarter worth $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HD. Telsey Advisory Group dropped their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Morgan Stanley dropped their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Wolfe Research reissued an “outperform” rating and issued a $365.00 price objective on shares of Home Depot in a research note on Tuesday, May 19th. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Piper Sandler dropped their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $371.39.

Home Depot Price Performance

Home Depot stock opened at $317.41 on Friday. The stock has a market cap of $316.15 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00. 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 firm has a 50-day moving average of $324.70 and a two-hundred day moving average of $349.76.

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. The company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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 2.9%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

Home Depot Company 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.