1,983 Shares in The Home Depot, Inc. $HD Bought by Shepherd Street Advisors LLC

Shepherd Street Advisors LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,983 shares of the home improvement retailer’s stock, valued at approximately $682,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC boosted its position 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 worth $26,000 after purchasing an additional 33 shares during the period. Financially Speaking Inc purchased a new position in Home Depot in the 3rd quarter valued at about $31,000. Key Capital Management INC purchased a new position in Home Depot in the 4th quarter valued at about $28,000. Imprint Wealth LLC purchased a new position in Home Depot in the 3rd quarter valued at about $34,000. Finally, Navalign LLC purchased a new position in Home Depot in the 4th quarter valued at about $31,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HD shares. Bank of America started coverage on shares of Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective for the company. Oppenheimer decreased their price objective on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday, May 18th. Wells Fargo & Company decreased their price objective on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Gordon Haskett decreased their price objective on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Finally, Wolfe Research restated an “outperform” rating and issued a $365.00 target price on shares of Home Depot in a research note on Tuesday, May 19th. Nineteen 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.39.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot’s interconnected retail strategy is being credited with lifting sales and driving double-digit online growth, even in a challenged home improvement market. Is Home Depot’s Interconnected Retail Strategy Paying Off?
• Positive Sentiment: A favorable Texas Supreme Court decision limiting shipper liability in the Home Depot/Werner case may reduce long-term legal risk and investor uncertainty. Texas court nixes shipper liability in Home Depot/Werner case
• Positive Sentiment: Home Depot’s latest quarter showed revenue of $41.77 billion, beating expectations, and the company reaffirmed fiscal 2026 guidance, which can reassure investors about earnings visibility.

Home Depot Price Performance

HD opened at $311.21 on Wednesday. The firm has a market cap of $310.32 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 3.59 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. The company’s 50-day moving average price is $324.35 and its 200 day moving average price is $349.17. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $2.33 per share. The ex-dividend date is Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 3.0%. Home Depot’s dividend payout ratio is 66.19%.

Home Depot 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.