Main Street Financial Solutions LLC Reduces Stake in The Home Depot, Inc. $HD

Main Street Financial Solutions LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 19.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,118 shares of the home improvement retailer’s stock after selling 1,925 shares during the period. Main Street Financial Solutions LLC’s holdings in Home Depot were worth $2,793,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. IHT Wealth Management LLC increased its stake in Home Depot by 1.6% in the 4th quarter. IHT Wealth Management LLC now owns 26,999 shares of the home improvement retailer’s stock valued at $9,301,000 after purchasing an additional 423 shares in the last quarter. Inspire Investing LLC increased its stake in Home Depot by 6.9% in the 4th quarter. Inspire Investing LLC now owns 7,686 shares of the home improvement retailer’s stock valued at $2,645,000 after purchasing an additional 494 shares in the last quarter. Investment Management Corp of Ontario increased its stake in Home Depot by 29.2% in the 4th quarter. Investment Management Corp of Ontario now owns 91,578 shares of the home improvement retailer’s stock valued at $31,512,000 after purchasing an additional 20,684 shares in the last quarter. Gotham Asset Management LLC increased its stake in Home Depot by 7.1% in the 4th quarter. Gotham Asset Management LLC now owns 35,516 shares of the home improvement retailer’s stock valued at $12,221,000 after purchasing an additional 2,352 shares in the last quarter. Finally, Evolve Private Wealth LLC purchased a new position in Home Depot in the 4th quarter valued at approximately $1,933,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $365.00 price objective on shares of Home Depot in a research note on Tuesday, May 19th. Daiwa Securities Group raised their price target on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. TD Cowen dropped their price target on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. JPMorgan Chase & Co. dropped their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Finally, Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Stock Performance

Home Depot stock opened at $327.69 on Thursday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The stock has a fifty day moving average of $322.94 and a two-hundred day moving average of $346.63. The company has a market capitalization of $326.74 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 3.89 and a beta of 0.97. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

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.