The Home Depot, Inc. $HD Shares Sold by Seneca House Advisors

Seneca House Advisors reduced its position in The Home Depot, Inc. (NYSE:HD) by 75.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,586 shares of the home improvement retailer’s stock after selling 7,766 shares during the quarter. Seneca House Advisors’ holdings in Home Depot were worth $890,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HD. Advocate Investing Services LLC acquired a new position in Home Depot in the 4th quarter valued at $25,000. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Key Capital Management INC purchased a new stake in Home Depot in the 4th quarter valued at $28,000. Abound Financial LLC purchased a new stake in Home Depot in the 4th quarter valued at $29,000. Finally, Navalign LLC purchased a new stake in Home Depot in the 4th quarter valued at $31,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Royal Bank Of Canada dropped their target price on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a report on Wednesday, May 20th. Mizuho dropped their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Evercore dropped their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Gordon Haskett increased their price target on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Finally, TD Cowen lowered their price target on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Performance

NYSE HD opened at $336.85 on Wednesday. The stock has a market cap of $335.88 billion, a PE ratio of 23.92, a P/E/G ratio of 3.81 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a fifty day simple moving average of $322.91 and a 200-day simple moving average of $346.83.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The business 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 company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities 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 declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $2.33 per share. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s dividend payout ratio 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.