The Home Depot, Inc. $HD Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 73.5% during the first quarter, Holdings Channel.com reports. The fund owned 900 shares of the home improvement retailer’s stock after selling 2,499 shares during the period. AMI Asset Management Corp’s holdings in Home Depot were worth $296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. State Street Corp raised its stake in shares of Home Depot by 1.8% in the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after buying an additional 825,164 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Home Depot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after buying an additional 343,153 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Home Depot by 5.6% in the fourth quarter. Bank of America Corp DE now owns 16,063,532 shares of the home improvement retailer’s stock valued at $5,527,461,000 after buying an additional 851,029 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Depot by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after buying an additional 1,113,114 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.5%

Shares of NYSE HD opened at $352.57 on Wednesday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a market capitalization of $351.55 billion, a PE ratio of 25.04, a PEG ratio of 4.05 and a beta of 0.97. 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 business has a 50-day moving average price of $323.32 and a two-hundred day moving average price of $345.80.

Home Depot (NYSE:HD) last released its 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. The company 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 in the previous year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. 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 2.6%. Home Depot’s payout ratio is presently 66.19%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Telsey Advisory Group decreased their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. TD Cowen dropped their price target on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Robert W. Baird cut their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. DA Davidson reduced their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Finally, Bank of America assumed coverage on shares of Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective on the stock. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.