Alchemi Wealth LLC Invests $615,000 in The Home Depot, Inc. $HD

Alchemi Wealth LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,787 shares of the home improvement retailer’s stock, valued at approximately $615,000.

Other hedge funds also recently made changes to their positions in the company. Advocate Investing Services LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $25,000. Parvin Asset Management LLC increased its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Key Capital Management INC bought a new position in shares of Home Depot during the fourth quarter worth approximately $28,000. Navalign LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $31,000. Finally, Disciplined Equity Management Inc. bought a new position in shares of Home Depot during the fourth quarter worth approximately $34,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.7%

Shares of NYSE HD opened at $328.37 on Friday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The firm has a market cap of $327.42 billion, a PE ratio of 23.32, a P/E/G ratio of 3.76 and a beta of 0.97. The company’s fifty day simple moving average is $322.44 and its 200 day simple moving average is $347.04.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 during the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the firm posted $3.56 earnings per share. The business’s revenue 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, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HD shares. TD Cowen lowered their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock 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. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Mizuho reduced 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 report on Wednesday, May 20th. Finally, Wolfe Research reiterated an “outperform” rating and set a $365.00 price target on shares of Home Depot in a research report on Tuesday, May 19th. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $371.36.

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.