Arwa LLC Acquires New Shares in The Home Depot, Inc. $HD

Arwa LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,420 shares of the home improvement retailer’s stock, valued at approximately $1,177,000.

A number of other institutional investors also recently added to or reduced their stakes in HD. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the fourth quarter worth about $25,000. Parvin Asset Management LLC grew its position in 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 buying an additional 33 shares during the period. Key Capital Management INC acquired a new position in Home Depot during the fourth quarter worth about $28,000. Abound Financial LLC acquired a new position in Home Depot during the fourth quarter worth $29,000. Finally, Navalign LLC purchased a new position in Home Depot during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Gordon Haskett boosted their price objective on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Finally, Telsey Advisory Group dropped their price target on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Trading Up 0.1%

NYSE:HD opened at $334.72 on Friday. The company’s 50 day moving average is $323.24 and its 200-day moving average is $346.39. 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 Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm has a market cap of $333.75 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 3.86 and a beta of 0.97.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (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 business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the prior year, the firm earned $3.56 EPS. Home Depot’s quarterly 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. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date of this dividend 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 (DPR) 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.