The Home Depot, Inc. $HD Shares Acquired by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 367.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,984 shares of the home improvement retailer’s stock after buying an additional 2,345 shares during the quarter. Capstone Wealth Management Group LLC’s holdings in Home Depot were worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new position in shares of Home Depot in the 4th quarter worth about $25,000. Parvin Asset Management LLC grew its holdings in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $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 worth about $27,000. Key Capital Management INC purchased a new stake in shares of Home Depot during the 4th quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.5%

NYSE HD opened at $345.35 on Wednesday. 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 fifty-two week low of $289.10 and a fifty-two week high of $426.75. The business has a 50 day moving average price of $324.37 and a two-hundred day moving average price of $345.65. The stock has a market cap of $344.35 billion, a PE ratio of 24.53, a P/E/G ratio of 4.05 and a beta of 0.95.

Home Depot (NYSE:HD) last posted 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter last year, the firm posted $3.56 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s payout ratio is 66.19%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HD shares. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Truist Financial decreased their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. BNP Paribas Exane dropped their price objective on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Sanford C. Bernstein reissued a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company reduced their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target 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.