B&D White Capital Company LLC Invests $3.21 Million in The Home Depot, Inc. $HD

B&D White Capital Company LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,327 shares of the home improvement retailer’s stock, valued at approximately $3,209,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bard Associates Inc. purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $82,000. Bollard Group LLC raised its holdings in shares of Home Depot by 0.6% in the fourth quarter. Bollard Group LLC now owns 5,601 shares of the home improvement retailer’s stock worth $1,927,000 after buying an additional 35 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $104,000. Ackerman Asset Management LLC raised its holdings in shares of Home Depot by 38.7% in the fourth quarter. Ackerman Asset Management LLC now owns 1,064 shares of the home improvement retailer’s stock worth $366,000 after buying an additional 297 shares during the period. Finally, Ally Financial Inc. purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $1,548,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.7%

Shares of NYSE:HD opened at $328.37 on Friday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock has a market cap of $327.42 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 3.79 and a beta of 0.97. The business’s 50 day moving average is $322.44 and its 200 day moving average is $347.04. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HD. DA Davidson dropped their price objective on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Piper Sandler dropped their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Gordon Haskett increased their price objective on Home Depot from $320.00 to $330.00 in a research note on Friday. Daiwa Securities Group increased their price objective on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada dropped their price objective on 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. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

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.