Greenwood Capital Associates LLC Sells 3,091 Shares of The Home Depot, Inc. $HD

Greenwood Capital Associates LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 13.6% during the 1st quarter, HoldingsChannel reports. The fund owned 19,681 shares of the home improvement retailer’s stock after selling 3,091 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Home Depot were worth $6,473,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HD. Gator Capital Management LLC purchased a new stake in Home Depot during the 4th quarter valued at $3,693,000. King Luther Capital Management Corp increased its position in shares of Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after acquiring an additional 7,180 shares during the period. Carnegie Investment Counsel increased its position in shares of Home Depot by 24.8% in the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after acquiring an additional 21,545 shares during the period. Savvy Advisors Inc. raised its stake in shares of Home Depot by 36.0% during the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after acquiring an additional 5,152 shares during the last quarter. Finally, Mariner LLC raised its stake in shares of Home Depot by 3.7% during the third quarter. Mariner LLC now owns 1,136,584 shares of the home improvement retailer’s stock valued at $460,544,000 after acquiring an additional 40,693 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 2.6%

NYSE:HD opened at $336.34 on Thursday. 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. The company’s 50-day simple moving average is $324.45 and its 200 day simple moving average is $345.52. The firm has a market capitalization of $335.37 billion, a P/E ratio of 23.89, a PEG ratio of 3.99 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating 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 quarter last year, the firm earned $3.56 earnings per share. 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. As a group, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Jefferies Financial Group cut their target price on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Mizuho lowered their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Truist Financial dropped their price objective on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Guggenheim reiterated a “buy” rating on shares of Home Depot in a research report on Monday, June 29th. Finally, TD Cowen reduced their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.