Westfield Capital Management Co. LP Has $7 Million Stock Position in The Home Depot, Inc. $HD

Westfield Capital Management Co. LP grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 238.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,347 shares of the home improvement retailer’s stock after buying an additional 14,330 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Home Depot were worth $7,001,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Parvin Asset Management LLC raised its holdings in shares of Home Depot by 110.0% during the third 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 during the period. Key Capital Management INC acquired a new position in shares of Home Depot during the fourth quarter valued at about $28,000. Financially Speaking Inc acquired a new position in shares of Home Depot during the third quarter valued at about $31,000. Navalign LLC acquired a new stake in shares of Home Depot in the 4th quarter worth about $31,000. Finally, Imprint Wealth LLC acquired a new stake in shares of Home Depot in the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.3%

Shares of HD stock opened at $310.73 on Friday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. 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 company has a 50-day simple moving average of $322.95 and a two-hundred day simple moving average of $347.74. The company has a market capitalization of $309.83 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 3.58 and a beta of 0.97.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (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 business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the prior year, the firm posted $3.56 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HD shares. Wolfe Research restated an “outperform” rating and issued a $365.00 target price on shares of Home Depot in a report on Tuesday, May 19th. Royal Bank Of Canada lowered their target price on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 20th. Daiwa Securities Group upped their target price on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Weiss Ratings lowered shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Robert W. Baird lowered their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $371.36.

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.