Silver Oak Securities Incorporated Has $2.87 Million Stock Position in The Home Depot, Inc. $HD

Silver Oak Securities Incorporated lessened its stake in The Home Depot, Inc. (NYSE:HD) by 29.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,728 shares of the home improvement retailer’s stock after selling 3,645 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Home Depot were worth $2,870,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Parvin Asset Management LLC lifted its holdings in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Advocate Investing Services LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $25,000. Key Capital Management INC bought a new stake in Home Depot during the fourth quarter worth $28,000. Cache Advisors LLC bought a new stake in Home Depot during the first quarter worth $27,000. Finally, Imprint Wealth LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. Bank of America began coverage on Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective for the company. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada reduced their price target on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 20th. Evercore lowered their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Piper Sandler lowered their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Trading Up 1.0%

Shares of HD stock opened at $348.60 on Friday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. 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 $347.60 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 3.98 and a beta of 0.97. The stock has a 50-day moving average of $322.98 and a 200-day moving average of $345.78.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 return on equity of 117.24% and a net margin of 8.41%.The company 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 earnings per share. The firm’s quarterly 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. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $2.33 dividend. 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 payout ratio is 66.19%.

Home Depot 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.