The Home Depot, Inc. $HD Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,131 shares of the home improvement retailer’s stock after purchasing an additional 1,603 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Home Depot were worth $5,634,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HD. Advocate Investing Services LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $25,000. Parvin Asset Management LLC grew its holdings in 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 acquiring an additional 33 shares during the period. Cache Advisors LLC bought a new stake in Home Depot in the first quarter worth about $27,000. Key Capital Management INC bought a new stake in Home Depot in the fourth quarter worth about $28,000. Finally, Abound Financial LLC acquired a new stake in Home Depot in the 4th quarter valued at about $29,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Citigroup cut their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. The Goldman Sachs Group reduced their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Robert W. Baird decreased their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, Truist Financial dropped their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Price Performance

HD stock opened at $348.60 on Friday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a 50-day moving average of $322.98 and a two-hundred day moving average of $345.78. The firm has a market capitalization of $347.60 billion, a PE ratio of 24.76, a P/E/G ratio of 4.03 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 released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate 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 firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio 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.