Harvest Investment Advisors LLC Purchases Shares of 4,581 The Home Depot, Inc. $HD

Harvest Investment Advisors LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,581 shares of the home improvement retailer’s stock, valued at approximately $1,576,000.

Several other large investors have also recently bought and sold shares of HD. Norges Bank bought a new position in Home Depot in the 4th quarter valued at about $4,850,329,000. Wellington Management Group LLP raised its holdings in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after acquiring an additional 3,836,051 shares during the period. Cardano Risk Management B.V. raised its holdings in Home Depot by 901.5% in the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after acquiring an additional 2,961,979 shares during the period. Parnassus Investments LLC raised its holdings in Home Depot by 712.3% in the 4th quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock valued at $715,913,000 after acquiring an additional 1,824,409 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after acquiring an additional 1,325,748 shares during the period. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HD has been the topic of several research analyst reports. HSBC lowered their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. TD Cowen lowered their price target on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Stifel Nicolaus lowered their price target on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, Wells Fargo & Company lowered their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Stock Up 2.1%

Shares of HD opened at $336.85 on Wednesday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm’s 50 day moving average is $322.91 and its 200-day moving average is $346.83. The stock has a market capitalization of $335.88 billion, a PE ratio of 23.92, a P/E/G ratio of 3.81 and a beta of 0.97. 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 announced its 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same period last year, the firm earned $3.56 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

About Home Depot

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.