Financial Solutions Advisory Group Inc. Acquires New Holdings in The Home Depot, Inc. $HD

Financial Solutions Advisory Group Inc. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,216 shares of the home improvement retailer’s stock, valued at approximately $729,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dala Group LLC acquired a new stake in shares of Home Depot in the first quarter valued at approximately $1,886,000. Blue Fin Capital Inc. boosted its position in shares of Home Depot by 4.3% during the first quarter. Blue Fin Capital Inc. now owns 11,344 shares of the home improvement retailer’s stock worth $3,731,000 after buying an additional 466 shares during the period. Carlson Capital L.P. grew its holdings in Home Depot by 312.0% in the 1st quarter. Carlson Capital L.P. now owns 9,477 shares of the home improvement retailer’s stock worth $3,117,000 after buying an additional 7,177 shares in the last quarter. Challenger Wealth Management grew its holdings in Home Depot by 1.8% in the 1st quarter. Challenger Wealth Management now owns 3,463 shares of the home improvement retailer’s stock worth $1,139,000 after buying an additional 60 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC increased its position in Home Depot by 3.1% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 13,288 shares of the home improvement retailer’s stock valued at $4,370,000 after acquiring an additional 397 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $332.72 on Friday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a market cap of $331.77 billion, a P/E ratio of 23.63, a PEG ratio of 3.83 and a beta of 0.95. The stock has a fifty day moving average price of $332.42 and a two-hundred day moving average price of $344.08. 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 posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company 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 company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts forecast 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. Investors 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 payout ratio is presently 66.19%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HD shares. Stifel Nicolaus cut their target price on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. HSBC lowered their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Mizuho reduced their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $371.71.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Leadership realignment targets growth: Home Depot is combining its merchandising, customer experience and Pro-focused operations to create a more seamless customer experience and capture a larger share of the estimated $1.2 trillion home-improvement market. Management says the changes are intended to strengthen the core business, improve innovation and win more professional customers. The Home Depot Announces Organizational Realignment
• Positive Sentiment: Greater investment in digital advertising: Home Depot is reportedly among the major brands increasing advertising on ChatGPT as OpenAI expands its mobile advertising business. If effective, the channel could help the retailer reach consumers researching home projects and drive online sales. Brands Betting Bigger on ChatGPT Ads

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.