Floyd Financial Group LLC Takes $1.01 Million Position in The Home Depot, Inc. $HD

Floyd Financial Group LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 2,632 shares of the home improvement retailer’s stock, valued at approximately $1,006,000.

A number of other institutional investors and hedge funds have also modified their holdings of HD. Advocate Investing Services LLC acquired a new stake in 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% in the 3rd 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 purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $28,000. Abound Financial LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $29,000. Finally, Navalign LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HD shares. Royal Bank Of Canada dropped their price objective on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 20th. UBS Group lowered their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. The Goldman Sachs Group cut their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. Finally, TD Cowen dropped their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Nineteen investment 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 currently has an average rating of “Moderate Buy” and an average target price of $371.71.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot is being highlighted in analyst coverage after its latest earnings report, with commentary focused on whether the stock can keep its recent momentum. Home Depot (HD) Up 5.4% Since Last Earnings Report: Can It Continue?
• Positive Sentiment: Home Depot also appeared in analyst research roundups, which can reinforce investor attention around the stock and keep sentiment supported. The Zacks Analyst Blog Highlights NVIDIA, Oracle, Home Depot, Catalyst Bancorp and Hour Loop
• Positive Sentiment: Another research note featured Home Depot among top analyst reports, a sign that the company remains in focus for Wall Street watchers. Top Analyst Reports for NVIDIA, Oracle & Home Depot
• Neutral Sentiment: Home Depot was included in a promotional article about its “Skelly” character being used in World Cup marketing, which is more of a brand-awareness item than a direct earnings driver. Home Depot Stock (NYSE:HD) Ticks Up as It Brings Out Skelly for World Cup
• Negative Sentiment: Separately, Home Depot was named in an HRC survey as a company some LGBTQ+ consumers perceive as rolling back DEI commitments, a reputational headline that could weigh on sentiment even if the direct financial impact is unclear. Home Depot (HD) Named In HRC Survey On DEI Pullback Perceptions

Home Depot Trading Up 2.2%

NYSE:HD opened at $334.72 on Friday. The company’s 50 day moving average is $323.27 and its 200-day moving average is $346.47. 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 Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm has a market cap of $333.75 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 3.78 and a beta of 0.97.

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, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot’s revenue was up 4.8% compared to the same quarter last year. During the same period last 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 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.

Home Depot 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.