Graham Capital Management L.P. Boosts Holdings in The Home Depot, Inc. $HD

Graham Capital Management L.P. boosted its position in The Home Depot, Inc. (NYSE:HD) by 67.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,408 shares of the home improvement retailer’s stock after purchasing an additional 13,008 shares during the quarter. Graham Capital Management L.P.’s holdings in Home Depot were worth $11,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Silver Grove Financial Group Inc. lifted its stake in Home Depot by 11.7% in the 4th quarter. Silver Grove Financial Group Inc. now owns 1,657 shares of the home improvement retailer’s stock worth $570,000 after purchasing an additional 173 shares in the last quarter. Pointe Capital Management LLC lifted its stake in Home Depot by 9.5% in the 4th quarter. Pointe Capital Management LLC now owns 910 shares of the home improvement retailer’s stock worth $313,000 after purchasing an additional 79 shares in the last quarter. Howe & Rusling Inc. lifted its stake in Home Depot by 13.9% in the 4th quarter. Howe & Rusling Inc. now owns 3,971 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 485 shares in the last quarter. Elefante Mark B lifted its stake in Home Depot by 3.2% in the 4th quarter. Elefante Mark B now owns 11,951 shares of the home improvement retailer’s stock worth $4,112,000 after purchasing an additional 375 shares in the last quarter. Finally, Dempze Nancy E lifted its stake in Home Depot by 5.4% in the 4th quarter. Dempze Nancy E now owns 13,511 shares of the home improvement retailer’s stock worth $4,649,000 after purchasing an additional 687 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $336.85 on Wednesday. The company’s fifty day moving average price is $322.91 and its 200-day moving average price is $346.83. The firm has a market capitalization of $335.88 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.81 and a beta of 0.97. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. 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 issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. BNP Paribas Exane lowered their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. TD Cowen lowered their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Wells Fargo & Company decreased their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, Oppenheimer decreased their price target on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently 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.