Bogart Wealth LLC Trims Stock Position in The Home Depot, Inc. $HD

Bogart Wealth LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,345 shares of the home improvement retailer’s stock after selling 4,623 shares during the quarter. Bogart Wealth LLC’s holdings in Home Depot were worth $7,678,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HD. Advocate Investing Services LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC grew its position in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC purchased a new position in Home Depot in the first quarter worth approximately $27,000. Key Capital Management INC acquired a new stake in Home Depot during the fourth quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot during the first quarter worth $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $357.73 on Monday. The company has a market cap of $356.69 billion, a P/E ratio of 25.41, a P/E/G ratio of 4.13 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The stock has a 50-day moving average of $323.97 and a two-hundred day moving average of $345.75. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’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 firm earned $3.56 earnings per share. 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 announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Telsey Advisory Group lowered their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report 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. Piper Sandler reduced their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, BNP Paribas Exane decreased their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average 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.