Citizens Financial Group Inc. RI Cuts Holdings in The Home Depot, Inc. $HD

Citizens Financial Group Inc. RI lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,485 shares of the home improvement retailer’s stock after selling 1,489 shares during the period. Citizens Financial Group Inc. RI’s holdings in Home Depot were worth $33,377,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Advocate Investing Services LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC raised its stake 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 buying an additional 33 shares during the period. Cache Advisors LLC purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $27,000. Key Capital Management INC acquired a new stake in Home Depot in the 4th quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot in the 1st quarter valued at $28,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group reduced 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. Robert W. Baird cut their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Citigroup reduced their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Mizuho decreased their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Price Performance

HD stock traded up $4.71 during midday trading on Friday, reaching $343.44. The stock had a trading volume of 2,747,430 shares, compared to its average volume of 4,667,555. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week 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 company’s fifty day simple moving average is $325.05 and its 200 day simple moving average is $345.46. The company has a market cap of $342.45 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 3.96 and a beta of 0.95.

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. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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.