Bridgeway Capital Management LLC Grows Holdings in The Home Depot, Inc. $HD

Bridgeway Capital Management LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 25.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 70,894 shares of the home improvement retailer’s stock after acquiring an additional 14,517 shares during the period. Bridgeway Capital Management LLC’s holdings in Home Depot were worth $24,395,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brooks Moore & Associates Inc. grew its holdings in Home Depot by 0.3% during the 4th quarter. Brooks Moore & Associates Inc. now owns 10,676 shares of the home improvement retailer’s stock valued at $3,674,000 after buying an additional 32 shares in the last quarter. Align Financial LLC purchased a new stake in Home Depot during the 4th quarter valued at approximately $80,752,000. American Trust grew its holdings in Home Depot by 0.7% during the 4th quarter. American Trust now owns 11,135 shares of the home improvement retailer’s stock valued at $3,832,000 after buying an additional 81 shares in the last quarter. Guggenheim Capital LLC grew its holdings in Home Depot by 18.5% during the 4th quarter. Guggenheim Capital LLC now owns 127,694 shares of the home improvement retailer’s stock valued at $43,940,000 after buying an additional 19,897 shares in the last quarter. Finally, Challenger Wealth Management grew its holdings in Home Depot by 3.8% during the 4th quarter. Challenger Wealth Management now owns 3,403 shares of the home improvement retailer’s stock valued at $1,171,000 after buying an additional 125 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 2.8%

NYSE:HD opened at $327.69 on Thursday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a market cap of $326.74 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 3.89 and a beta of 0.97. The stock has a fifty day simple moving average of $322.94 and a 200-day simple moving average of $346.63. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last announced its 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the company posted $3.56 earnings per share. The firm’s 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. Analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. DA Davidson lowered their target price 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. Jefferies Financial Group lowered their target price on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Morgan Stanley lowered their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Finally, Gordon Haskett increased their target price on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Nineteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

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.