Summit Global Investments Sells 1,807 Shares of The Home Depot, Inc. $HD

Summit Global Investments lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 20.8% in the first quarter, HoldingsChannel reports. The firm owned 6,869 shares of the home improvement retailer’s stock after selling 1,807 shares during the period. Summit Global Investments’ holdings in Home Depot were worth $2,259,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the period. Sivia Capital Partners LLC raised its holdings in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after acquiring an additional 1,433 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth $1,773,000. Finally, Financial Advisors Network Inc. increased its position in shares of Home Depot by 11.3% in the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after purchasing an additional 241 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HD shares. The Goldman Sachs Group cut their price objective on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company cut their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Robert W. Baird decreased their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Gordon Haskett boosted their price objective on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Performance

Home Depot stock opened at $332.96 on Tuesday. 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 stock has a market cap of $332.01 billion, a PE ratio of 23.65, a P/E/G ratio of 3.91 and a beta of 0.95. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The business’s 50-day moving average price is $327.39 and its two-hundred day moving average price is $345.13.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the prior year, the business earned $3.56 earnings per share. The business’s revenue for the quarter 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. As a group, analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid 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 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.