CrossGen Wealth LLC purchased a new position in The Home Depot, Inc. (NYSE:HD – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,594 shares of the home improvement retailer’s stock, valued at approximately $1,581,000. Home Depot makes up 1.4% of CrossGen Wealth LLC’s investment portfolio, making the stock its 26th biggest position.
Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Brighton Jones LLC raised its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Sivia Capital Partners LLC boosted its stake in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after purchasing an additional 173 shares during the period. Schnieders Capital Management LLC. boosted its stake in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after purchasing an additional 1,433 shares during the period. Darwin Wealth Management LLC purchased a new position in Home Depot during the 2nd quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. grew its position in Home Depot by 11.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Price Performance
HD opened at $334.72 on Friday. The stock has a fifty day moving average price of $323.27 and a 200 day moving average price of $346.47. 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 Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The stock has a market cap of $333.75 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.78 and a beta of 0.97.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio is currently 66.19%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Guggenheim restated a “buy” rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday, May 20th. The Goldman Sachs Group lowered their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Stifel Nicolaus dropped their price target on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Finally, Truist Financial lowered their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Nineteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.71.
Read Our Latest Stock Report on Home Depot
Key Home Depot News
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot is being highlighted in analyst coverage after its latest earnings report, with commentary focused on whether the stock can keep its recent momentum. Home Depot (HD) Up 5.4% Since Last Earnings Report: Can It Continue?
- Positive Sentiment: Home Depot also appeared in analyst research roundups, which can reinforce investor attention around the stock and keep sentiment supported. The Zacks Analyst Blog Highlights NVIDIA, Oracle, Home Depot, Catalyst Bancorp and Hour Loop
- Positive Sentiment: Another research note featured Home Depot among top analyst reports, a sign that the company remains in focus for Wall Street watchers. Top Analyst Reports for NVIDIA, Oracle & Home Depot
- Neutral Sentiment: Home Depot was included in a promotional article about its “Skelly” character being used in World Cup marketing, which is more of a brand-awareness item than a direct earnings driver. Home Depot Stock (NYSE:HD) Ticks Up as It Brings Out Skelly for World Cup
- Negative Sentiment: Separately, Home Depot was named in an HRC survey as a company some LGBTQ+ consumers perceive as rolling back DEI commitments, a reputational headline that could weigh on sentiment even if the direct financial impact is unclear. Home Depot (HD) Named In HRC Survey On DEI Pullback Perceptions
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.
Recommended Stories
- Five stocks we like better than Home Depot
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
