The Home Depot, Inc. $HD Shares Acquired by Stenger Family Office LLC

Stenger Family Office LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 34.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,215 shares of the home improvement retailer’s stock after acquiring an additional 5,193 shares during the period. Home Depot comprises about 1.4% of Stenger Family Office LLC’s holdings, making the stock its 17th largest position. Stenger Family Office LLC’s holdings in Home Depot were worth $6,956,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. State Street Corp lifted its position in Home Depot by 1.8% during the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after buying an additional 825,164 shares in the last quarter. Geode Capital Management LLC grew its stake in Home Depot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after buying an additional 343,153 shares during the period. Bank of America Corp DE increased its position in shares of Home Depot by 5.6% in the fourth quarter. Bank of America Corp DE now owns 16,063,532 shares of the home improvement retailer’s stock worth $5,527,461,000 after acquiring an additional 851,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Home Depot by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after acquiring an additional 1,113,114 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

HD opened at $334.72 on Friday. The company has a 50-day moving average of $323.24 and a 200-day moving average of $346.39. The company has a market capitalization of $333.75 billion, a P/E ratio of 23.77, a PEG ratio of 3.86 and a beta of 0.97. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Mizuho decreased their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Jefferies Financial Group reduced their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company decreased their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Telsey Advisory Group lowered their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $371.71.

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.