Segall Bryant & Hamill LLC Reduces Position in The Home Depot, Inc. $HD

Segall Bryant & Hamill LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 2.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 63,508 shares of the home improvement retailer’s stock after selling 1,588 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Home Depot were worth $20,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Grp LLC boosted its position in Home Depot by 19.7% during the first quarter. Wellington Grp LLC now owns 1,728 shares of the home improvement retailer’s stock worth $568,000 after acquiring an additional 284 shares during the last quarter. Montchanin Asset Management LLC acquired a new stake in Home Depot in the 1st quarter valued at about $3,417,000. Compass Capital Management Inc. lifted its stake in Home Depot by 1,286.2% in the 1st quarter. Compass Capital Management Inc. now owns 312,835 shares of the home improvement retailer’s stock worth $102,888,000 after purchasing an additional 290,267 shares in the last quarter. Vestor Capital LLC boosted its holdings in shares of Home Depot by 2,348.5% during the 1st quarter. Vestor Capital LLC now owns 15,254 shares of the home improvement retailer’s stock worth $5,017,000 after purchasing an additional 14,631 shares during the last quarter. Finally, J. Derek Lewis & Associates Inc. grew its position in shares of Home Depot by 3.0% in the first quarter. J. Derek Lewis & Associates Inc. now owns 4,335 shares of the home improvement retailer’s stock valued at $1,426,000 after purchasing an additional 127 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE HD opened at $332.72 on Friday. The stock has a fifty day simple moving average of $332.42 and a 200-day simple moving average of $344.08. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The stock has a market cap of $331.76 billion, a PE ratio of 23.63, a P/E/G ratio of 3.83 and a beta of 0.95. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the firm earned $3.56 EPS. Home Depot’s revenue was up 4.8% on a year-over-year basis. 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 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Leadership realignment targets growth: Home Depot is combining its merchandising, customer experience and Pro-focused operations to create a more seamless customer experience and capture a larger share of the estimated $1.2 trillion home-improvement market. Management says the changes are intended to strengthen the core business, improve innovation and win more professional customers. The Home Depot Announces Organizational Realignment
• Positive Sentiment: Greater investment in digital advertising: Home Depot is reportedly among the major brands increasing advertising on ChatGPT as OpenAI expands its mobile advertising business. If effective, the channel could help the retailer reach consumers researching home projects and drive online sales. Brands Betting Bigger on ChatGPT Ads

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD Cowen reduced their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Oppenheimer cut their target price on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 price target on shares of Home Depot in a research report on Wednesday, May 20th. Stifel Nicolaus cut their price objective on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, BNP Paribas Exane reduced their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price 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.