Tulsa Wealth Advisors INC Makes New $8.24 Million Investment in The Home Depot, Inc. $HD

Tulsa Wealth Advisors INC acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 23,942 shares of the home improvement retailer’s stock, valued at approximately $8,239,000. Home Depot comprises approximately 2.7% of Tulsa Wealth Advisors INC’s investment portfolio, making the stock its 8th largest holding.

Several other large investors have also added to or reduced their stakes in the business. Advocate Investing Services LLC acquired a new stake in Home Depot in the 4th quarter valued at $25,000. Parvin Asset Management LLC boosted its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the last quarter. Key Capital Management INC bought a new position in shares of Home Depot in the 4th quarter valued at about $28,000. Abound Financial LLC bought a new position in Home Depot in the fourth quarter valued at approximately $29,000. Finally, Navalign LLC bought a new position in shares of Home Depot in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. UBS Group reduced 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. Daiwa Securities Group upped their price objective on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Jefferies Financial Group dropped their price objective on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Wolfe Research restated an “outperform” rating and set a $365.00 target price on shares of Home Depot in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group cut their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Up 0.1%

Shares of HD opened at $334.72 on Friday. 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 $323.24 and its 200-day moving average is $346.39. The stock has a market capitalization of $333.75 billion, a PE ratio of 23.77, a P/E/G 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s revenue for the quarter 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 research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s payout ratio 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.