CDM Financial Counseling Services Inc. Invests $841,000 in The Home Depot, Inc. $HD

CDM Financial Counseling Services Inc. purchased a new position in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,445 shares of the home improvement retailer’s stock, valued at approximately $841,000. Home Depot accounts for 0.8% of CDM Financial Counseling Services Inc.’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arrow Financial Corp lifted its position in shares of Home Depot by 2.8% during the 4th quarter. Arrow Financial Corp now owns 14,687 shares of the home improvement retailer’s stock valued at $5,054,000 after acquiring an additional 394 shares during the period. Dougherty & Associates LLC acquired a new position in Home Depot during the fourth quarter worth $1,156,000. Requisite Capital Management LLC raised its holdings in Home Depot by 153.9% during the fourth quarter. Requisite Capital Management LLC now owns 1,267 shares of the home improvement retailer’s stock worth $436,000 after buying an additional 768 shares during the last quarter. RiverFront Investment Group LLC raised its holdings in Home Depot by 14.7% during the fourth quarter. RiverFront Investment Group LLC now owns 14,008 shares of the home improvement retailer’s stock worth $4,820,000 after buying an additional 1,796 shares during the last quarter. Finally, Sapient Capital LLC raised its holdings in Home Depot by 1.3% during the fourth quarter. Sapient Capital LLC now owns 73,558 shares of the home improvement retailer’s stock worth $25,468,000 after buying an additional 931 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Gordon Haskett lowered their price objective on Home Depot from $395.00 to $330.00 in a research note on Friday, May 8th. BNP Paribas Exane lowered their price objective on Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Guggenheim increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. Twenty equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $405.66.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by insiders.

Home Depot Stock Performance

NYSE:HD opened at $297.34 on Monday. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The business has a fifty day simple moving average of $331.77 and a two-hundred day simple moving average of $354.17. The Home Depot, Inc. has a 1 year low of $296.88 and a 1 year high of $426.75. The company has a market capitalization of $296.16 billion, a P/E ratio of 20.90, a P/E/G ratio of 3.43 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period last year, the business posted $3.13 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $2.33 dividend. The ex-dividend date was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a dividend yield of 3.1%. Home Depot’s dividend payout ratio is 65.50%.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Telsey Advisory reiterated a Buy rating on Home Depot, suggesting at least one Wall Street firm still sees value in the shares despite recent volatility.
• Positive Sentiment: Some commentary has highlighted Home Depot as a potential beneficiary if housing turnover and mortgage-rate conditions improve, which could support future sales and earnings.
• Neutral Sentiment: Investors are watching Home Depot closely ahead of earnings on May 19, with articles focusing on whether pro demand, digital tools, and repair projects can offset a weaker housing backdrop.
• Neutral Sentiment: Jim Cramer said Home Depot can perform well in a lower-rate environment, but also noted the stock needs stronger housing turnover to really accelerate.
• Negative Sentiment: Sanford C. Bernstein cut its price target on Home Depot to $365 from $390 and kept a Market Perform rating, reflecting a more cautious view on near-term upside.
• Negative Sentiment: A new class-action lawsuit reportedly pressured the stock, adding legal uncertainty at an already sensitive time for investors.
• Negative Sentiment: Recent pre-earnings pullback and broader worries about housing turnover have also weighed on sentiment, helping explain why Home Depot stock has been moving lower.

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.