The Home Depot, Inc. $HD Position Increased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 15.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,621 shares of the home improvement retailer’s stock after purchasing an additional 21,182 shares during the quarter. QRG Capital Management Inc.’s holdings in Home Depot were worth $53,155,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC lifted its holdings 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 valued at $26,000 after buying an additional 33 shares during the last quarter. Advocate Investing Services LLC acquired a new position in Home Depot in the fourth quarter worth approximately $25,000. Key Capital Management INC bought a new position in Home Depot during the fourth quarter valued at approximately $28,000. Cache Advisors LLC bought a new position in Home Depot during the first quarter valued at approximately $27,000. Finally, Imprint Wealth LLC acquired a new stake in Home Depot in the third quarter valued at approximately $34,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on HD shares. Citigroup decreased 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 report on Tuesday, May 12th. Morgan Stanley reduced their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Piper Sandler decreased their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada lowered their target price on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 20th. Finally, Mizuho cut their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Trading Down 0.0%

NYSE:HD opened at $357.73 on Friday. The company’s 50 day moving average is $323.97 and its 200-day moving average is $345.83. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm has a market cap of $356.69 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 4.13 and a beta of 0.95.

Home Depot (NYSE:HD) last posted 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 business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 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.