Brant Point Investment Management LLC Reduces Position in The Home Depot, Inc. $HD

Brant Point Investment Management LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 62.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,000 shares of the home improvement retailer’s stock after selling 5,000 shares during the quarter. Brant Point Investment Management LLC’s holdings in Home Depot were worth $1,032,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares during the period. Schnieders Capital Management LLC. boosted its holdings in shares of Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after purchasing an additional 1,433 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $1,773,000. Finally, Financial Advisors Network Inc. boosted its holdings in shares of Home Depot by 11.3% in the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock valued at $868,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on HD shares. Telsey Advisory Group lowered their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Argus lowered their price target on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Gordon Haskett boosted their price target on Home Depot from $320.00 to $330.00 in a report on Friday. Piper Sandler lowered their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Mizuho lowered their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Stock Performance

Shares of NYSE:HD opened at $328.37 on Friday. The company has a market capitalization of $327.42 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 3.79 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. 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 firm has a 50 day moving average of $322.44 and a 200 day moving average of $347.04.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Home Depot Company 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.