Cassia Capital Partners LLC Cuts Holdings in The Home Depot, Inc. $HD

Cassia Capital Partners LLC decreased its stake in The Home Depot, Inc. (NYSE:HD) by 79.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 628 shares of the home improvement retailer’s stock after selling 2,469 shares during the period. Cassia Capital Partners LLC’s holdings in Home Depot were worth $206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in Home Depot in the fourth quarter worth $4,850,329,000. Wellington Management Group LLP increased its stake in Home Depot by 60.8% in the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after acquiring an additional 3,836,051 shares during the last quarter. Cardano Risk Management B.V. raised its position in Home Depot by 901.5% during the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after purchasing an additional 2,961,979 shares in the last quarter. Diamant Asset Management Inc. raised its position in Home Depot by 33,026.3% during the first quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after purchasing an additional 2,334,956 shares in the last quarter. Finally, J. Stern & Co. LLP raised its position in Home Depot by 14,869.3% during the fourth quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after purchasing an additional 2,217,607 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $357.73 on Friday. The firm has a fifty day simple moving average of $323.60 and a two-hundred day simple moving average of $345.74. 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 twelve month low of $289.10 and a twelve month high of $426.75. The company has a market capitalization of $356.69 billion, a PE ratio of 25.41, a P/E/G ratio of 4.05 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The firm 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 company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio is currently 66.19%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HD shares. Morgan Stanley cut their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Robert W. Baird reduced their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Mizuho decreased their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. TD Cowen dropped their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, UBS Group cut their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

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.