GAMMA Investing LLC Has $12.54 Million Stock Holdings in The Home Depot, Inc. $HD

GAMMA Investing LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 9.4% during the 2nd quarter, Holdings Channel reports. The fund owned 35,571 shares of the home improvement retailer’s stock after acquiring an additional 3,065 shares during the period. GAMMA Investing LLC’s holdings in Home Depot were worth $12,545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Curio Wealth LLC grew its holdings in Home Depot by 13.5% in the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after buying an additional 26 shares in the last quarter. Westfuller Advisors LLC increased its position in shares of Home Depot by 2.1% in the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after purchasing an additional 27 shares during the period. Darwin Wealth Management LLC raised its stake in Home Depot by 0.5% in the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock valued at $1,703,000 after purchasing an additional 27 shares in the last quarter. Alesco Advisors LLC lifted its position in Home Depot by 3.2% during the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after purchasing an additional 27 shares during the period. Finally, Canandaigua National Trust Co of Florida lifted its position in Home Depot by 1.3% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after purchasing an additional 27 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 2.5%

Shares of NYSE HD opened at $348.63 on Wednesday. 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 company has a market cap of $347.63 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 3.93 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 stock has a 50-day moving average price of $333.71 and a two-hundred day moving average price of $343.39.

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 forecast 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 given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.

Analysts Set New Price Targets

Several equities analysts have commented on HD shares. Morgan Stanley decreased their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. HSBC cut their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, May 20th. Jefferies Financial Group reduced their price target on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Monday, July 20th. Eighteen equities 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 stock. According to data from MarketBeat, Home Depot presently 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.