The Home Depot, Inc. $HD Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,822 shares of the home improvement retailer’s stock after selling 2,623 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Home Depot were worth $8,541,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $4,850,329,000. Wellington Management Group LLP increased its holdings in shares of Home Depot by 60.8% in the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Home Depot by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after purchasing an additional 1,325,748 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Home Depot by 37.6% in the third quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after purchasing an additional 1,040,577 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Home Depot by 215.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock valued at $429,648,000 after purchasing an additional 852,719 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Gordon Haskett cut their price target on Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Stifel Nicolaus cut their price target on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. Weiss Ratings cut Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $365.00 price target on shares of Home Depot in a report on Tuesday, May 19th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.36.

Home Depot Price Performance

HD stock opened at $309.97 on Tuesday. The business has a fifty day moving average of $322.58 and a two-hundred day moving average of $347.48. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The stock has a market cap of $309.08 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 3.59 and a beta of 0.97. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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