Arcus Capital Partners LLC Reduces Stake in The Home Depot, Inc. $HD

Arcus Capital Partners LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 48.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,445 shares of the home improvement retailer’s stock after selling 2,314 shares during the period. Arcus Capital Partners LLC’s holdings in Home Depot were worth $804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Advisortrust Partners LLC boosted its stake in shares of Home Depot by 17.5% during the 1st quarter. Advisortrust Partners LLC now owns 853 shares of the home improvement retailer’s stock valued at $281,000 after purchasing an additional 127 shares in the last quarter. Assetmark Inc. boosted its position in Home Depot by 19.6% during the 1st quarter. Assetmark Inc. now owns 84,474 shares of the home improvement retailer’s stock valued at $27,783,000 after acquiring an additional 13,866 shares in the last quarter. NovaPoint Capital LLC grew its holdings in shares of Home Depot by 3.3% during the 1st quarter. NovaPoint Capital LLC now owns 34,957 shares of the home improvement retailer’s stock worth $11,497,000 after acquiring an additional 1,112 shares during the period. PeakShares LLC grew its holdings in shares of Home Depot by 5.3% during the 1st quarter. PeakShares LLC now owns 3,006 shares of the home improvement retailer’s stock worth $989,000 after acquiring an additional 150 shares during the period. Finally, Barings LLC boosted its holdings in shares of Home Depot by 13.9% during the 1st quarter. Barings LLC now owns 680 shares of the home improvement retailer’s stock valued at $224,000 after buying an additional 83 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 2.5%

Home Depot stock opened at $339.22 on Friday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm’s 50 day moving average price is $326.96 and its 200-day moving average price is $345.24. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The stock has a market cap of $338.24 billion, a P/E ratio of 24.09, a PEG ratio of 4.02 and a beta of 0.95.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion during 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 for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. 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 (DPR) is presently 66.19%.

Analyst Ratings Changes

Several brokerages recently issued reports on HD. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Morgan Stanley reduced their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Stifel Nicolaus lowered their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Evercore dropped their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, HSBC cut their target price on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $371.71.

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.