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

Stenger Family Office LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 14.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,111 shares of the home improvement retailer’s stock after purchasing an additional 2,896 shares during the quarter. Home Depot accounts for about 1.4% of Stenger Family Office LLC’s holdings, making the stock its 18th largest holding. Stenger Family Office LLC’s holdings in Home Depot were worth $7,601,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Advocate Investing Services LLC acquired a new position in Home Depot during the fourth quarter worth $25,000. Parvin Asset Management LLC increased its stake in shares of Home Depot by 110.0% during the third 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 in the last quarter. Cache Advisors LLC acquired a new position in shares of Home Depot during the 1st quarter worth about $27,000. Key Capital Management INC purchased a new position in Home Depot in the 4th quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot in the 1st quarter worth about $28,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 2.6%

Shares of NYSE:HD opened at $336.34 on Thursday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock has a market cap of $335.37 billion, a P/E ratio of 23.89, a PEG ratio of 3.99 and a beta of 0.95. The business has a fifty day moving average of $324.45 and a two-hundred day moving average of $345.52. 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 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 analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date of this dividend was 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 66.19%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HD shares. Oppenheimer reduced their target price on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a report on Monday, May 18th. Jefferies Financial Group reduced their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Weiss Ratings cut shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Guggenheim reiterated a “buy” rating on shares of Home Depot in a research report on Monday, June 29th. Finally, BNP Paribas Exane lowered their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.