Elevated Capital Advisors LLC Trims Stock Position in The Home Depot, Inc. $HD

Elevated Capital Advisors LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 36.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,369 shares of the home improvement retailer’s stock after selling 1,911 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Home Depot were worth $1,108,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Range Financial Group LLC grew its holdings in Home Depot by 8.9% during the first quarter. Range Financial Group LLC now owns 11,724 shares of the home improvement retailer’s stock worth $3,856,000 after acquiring an additional 959 shares during the period. Texas Bank & Trust Co raised its position in Home Depot by 0.4% during the first quarter. Texas Bank & Trust Co now owns 12,067 shares of the home improvement retailer’s stock valued at $3,969,000 after acquiring an additional 49 shares in the last quarter. Peterson Wealth Services lifted its holdings in Home Depot by 4.4% in the first quarter. Peterson Wealth Services now owns 16,686 shares of the home improvement retailer’s stock valued at $5,488,000 after acquiring an additional 705 shares during the period. Griffin Asset Management Inc. lifted its holdings in Home Depot by 0.9% in the first quarter. Griffin Asset Management Inc. now owns 43,082 shares of the home improvement retailer’s stock valued at $14,169,000 after acquiring an additional 401 shares during the period. Finally, First Horizon Corp lifted its holdings in Home Depot by 33.1% in the first quarter. First Horizon Corp now owns 91,432 shares of the home improvement retailer’s stock valued at $30,071,000 after acquiring an additional 22,749 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $338.48 on Friday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The firm has a fifty day moving average of $324.64 and a 200 day moving average of $345.47. The firm has a market cap of $337.50 billion, a PE ratio of 24.04, a PEG ratio of 3.88 and a beta of 0.95. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

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 the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period last year, the firm posted $3.56 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. 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 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HD shares. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company decreased their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Citigroup lowered their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Telsey Advisory Group dropped their price target on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, DA Davidson cut their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.