CFO Capital Management LLC Makes New Investment in The Home Depot, Inc. $HD

CFO Capital Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,284 shares of the home improvement retailer’s stock, valued at approximately $786,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Advocate Investing Services LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC increased its stake in 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 buying an additional 33 shares during the last quarter. Key Capital Management INC bought a new stake 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 valued at approximately $29,000. Finally, Navalign LLC bought a new position in Home Depot in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on HD. UBS Group cut their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Guggenheim reissued a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. Wells Fargo & Company dropped their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Argus cut their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, HSBC reduced their target price on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, May 20th. Nineteen equities research 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Stock Performance

Shares of Home Depot stock opened at $334.72 on Friday. The business has a 50-day moving average price of $323.24 and a two-hundred day moving average price of $346.39. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. 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 company has a market cap of $333.75 billion, a P/E ratio of 23.77, a PEG ratio of 3.86 and a beta of 0.97.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the company earned $3.56 EPS. The firm’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. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is presently 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.