Kovitz Investment Group Partners LLC Has $2.22 Million Position in The Home Depot, Inc. $HD

Kovitz Investment Group Partners LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 94.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,452 shares of the home improvement retailer’s stock after selling 107,765 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Home Depot were worth $2,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Advocate Investing Services LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC boosted its position 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. Key Capital Management INC bought a new position in shares of Home Depot during the fourth quarter worth $28,000. Abound Financial LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $29,000. Finally, Navalign LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $31,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on HD shares. The Goldman Sachs Group reduced their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Bank of America initiated coverage on Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective on the stock. Finally, UBS Group lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Price Performance

HD stock opened at $334.72 on Friday. The stock has a 50-day moving average price of $323.24 and a two-hundred day moving average price of $346.39. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The stock has a market cap of $333.75 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 3.86 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 issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The company 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 period in the previous 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 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. Shareholders of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.

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.