Cane Capital Partners LLC Trims Stock Position in The Home Depot, Inc. $HD

Cane Capital Partners LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 62.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,784 shares of the home improvement retailer’s stock after selling 12,925 shares during the quarter. Home Depot comprises 1.1% of Cane Capital Partners LLC’s investment portfolio, making the stock its 24th biggest holding. Cane Capital Partners LLC’s holdings in Home Depot were worth $2,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Curio Wealth LLC raised its stake in shares of Home Depot by 13.5% during the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock worth $76,000 after purchasing an additional 26 shares during the last quarter. Westfuller Advisors LLC increased its stake in Home Depot by 2.1% in the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock valued at $456,000 after buying an additional 27 shares during the period. Darwin Wealth Management LLC raised its position in Home Depot by 0.5% during the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after buying an additional 27 shares during the last quarter. Alesco Advisors LLC raised its position in Home Depot by 3.2% during the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after buying an additional 27 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida lifted its stake in shares of Home Depot by 1.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after acquiring an additional 27 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial lowered their target price on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Argus cut their price target on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, May 21st. DA Davidson reduced their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Robert W. Baird lowered their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Down 0.3%

HD stock opened at $351.50 on Thursday. The company has a market cap of $350.49 billion, a P/E ratio of 24.96, a P/E/G ratio of 4.07 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The company’s 50-day moving average price is $323.33 and its 200 day moving average price is $345.76. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued 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 company had revenue of $41.77 billion during 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 firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $3.56 earnings per share. 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 fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 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.