Evanson Financial LLC Invests $537,000 in The Home Depot, Inc. $HD

Evanson Financial LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,522 shares of the home improvement retailer’s stock, valued at approximately $537,000.

Several other hedge funds have also modified their holdings of HD. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $25,000. Key Capital Management INC purchased a new stake in shares of Home Depot during the 4th quarter worth $28,000. Cache Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter worth $27,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Home Depot during the 3rd quarter worth $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HD shares. TD Cowen dropped their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Truist Financial decreased their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Stifel Nicolaus lowered their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Monday, May 18th. HSBC lowered their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Finally, Argus cut their target price on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Trading Up 1.7%

NYSE HD opened at $355.41 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The firm’s fifty day moving average price is $335.75 and its 200 day moving average price is $343.09. The company has a market capitalization of $354.39 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 4.03 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.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping 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 last year, the business earned $3.56 EPS. Home Depot’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. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. 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.