The Home Depot, Inc. $HD Stock Position Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 1.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,975 shares of the home improvement retailer’s stock after buying an additional 3,012 shares during the period. Sanctuary Advisors LLC’s holdings in Home Depot were worth $56,232,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Advocate Investing Services LLC bought a new stake in Home Depot during the fourth quarter worth approximately $25,000. Parvin Asset Management LLC boosted its stake in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC acquired a new position in shares of Home Depot during the 1st quarter valued at $27,000. Key Capital Management INC acquired a new position in shares of Home Depot during the 4th quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Home Depot in the 1st quarter worth $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.3%

HD stock opened at $338.14 on Wednesday. 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 firm has a market capitalization of $337.16 billion, a P/E ratio of 24.02, a P/E/G ratio of 3.89 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company’s 50 day simple moving average is $325.67 and its 200-day simple moving average is $345.33.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter last year, the business posted $3.56 EPS. The company’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. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on HD. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Evercore cut their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Mizuho reduced their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, UBS Group lowered their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.