Elevation Point Wealth Partners LLC Buys 102,083 Shares of The Home Depot, Inc. $HD

Elevation Point Wealth Partners LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 489.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,947 shares of the home improvement retailer’s stock after buying an additional 102,083 shares during the period. Home Depot comprises about 0.9% of Elevation Point Wealth Partners LLC’s holdings, making the stock its 14th biggest position. Elevation Point Wealth Partners LLC’s holdings in Home Depot were worth $40,436,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Advocate Investing Services LLC bought a new position in Home Depot during the fourth quarter worth about $25,000. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Cache Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $27,000. Key Capital Management INC bought a new position in Home Depot in the 4th quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Home Depot in the 1st quarter valued at approximately $28,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Guggenheim reissued a “buy” rating on shares of Home Depot in a report on Monday. Stifel Nicolaus cut their target price on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday, May 18th. BNP Paribas Exane reduced their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Finally, Oppenheimer decreased their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Stock Performance

Shares of HD opened at $357.73 on Friday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month 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 $356.69 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.95. The stock has a 50-day moving average price of $323.97 and a 200-day moving average price of $345.83.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping 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 net margin of 8.41% and a return on equity of 117.24%. Home Depot’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

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.