6,626 Shares in The Home Depot, Inc. $HD Bought by Dockside LLC

Dockside LLC bought a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,626 shares of the home improvement retailer’s stock, valued at approximately $2,280,000.

Several other institutional investors have also recently bought and sold shares of the company. Advocate Investing Services LLC bought a new position in shares of Home Depot during the 4th quarter worth about $25,000. Parvin Asset Management LLC increased its holdings in shares of 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. Key Capital Management INC bought a new position in shares of Home Depot during the 4th quarter worth about $28,000. Navalign LLC bought a new position in shares of Home Depot during the 4th quarter worth about $31,000. Finally, Disciplined Equity Management Inc. bought a new position in shares of Home Depot during the 4th quarter worth about $34,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HD shares. Piper Sandler dropped their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Mizuho dropped their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Gordon Haskett boosted their price objective on shares of Home Depot from $320.00 to $330.00 in a report on Friday. Morgan Stanley dropped their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Nineteen 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

NYSE HD opened at $328.37 on Friday. The stock has a market cap of $327.42 billion, a P/E ratio of 23.32, a PEG ratio of 3.79 and a beta of 0.97. The company’s 50-day simple moving average is $322.44 and its 200 day simple moving average is $347.04. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. 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 posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid 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 yield of 2.8%. Home Depot’s payout ratio is presently 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.