Spartan Wealth Advisory Services LLC Invests $940,000 in The Home Depot, Inc. $HD

Spartan Wealth Advisory Services LLC acquired a new position in The Home Depot, Inc. (NYSE:HD) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 2,858 shares of the home improvement retailer’s stock, valued at approximately $940,000.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Home Depot during the fourth quarter worth approximately $4,850,329,000. Wellington Management Group LLP raised its stake in Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after acquiring an additional 3,836,051 shares in the last quarter. Cardano Risk Management B.V. raised its stake in Home Depot by 901.5% during the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after acquiring an additional 2,961,979 shares in the last quarter. Diamant Asset Management Inc. boosted its position in Home Depot by 33,026.3% during the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock worth $770,269,000 after acquiring an additional 2,334,956 shares during the period. Finally, J. Stern & Co. LLP boosted its position in Home Depot by 14,869.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after acquiring an additional 2,217,607 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 0.1%

Shares of Home Depot stock opened at $339.22 on Monday. The business has a fifty day simple moving average of $326.96 and a 200-day simple moving average of $345.22. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm has a market cap of $338.24 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the company earned $3.56 earnings per share. Home Depot’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 price target on shares of Home Depot in a report on Wednesday, May 20th. Bank of America assumed coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective for the company. UBS Group decreased their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. The Goldman Sachs Group lowered their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, HSBC dropped their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $371.71.

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.