American Trust Lowers Position in The Home Depot, Inc. $HD

American Trust trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 14.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,566 shares of the home improvement retailer’s stock after selling 1,569 shares during the period. American Trust’s holdings in Home Depot were worth $3,146,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Curio Wealth LLC boosted its position in shares of Home Depot by 13.5% during the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after purchasing an additional 26 shares in the last quarter. Westfuller Advisors LLC raised its holdings in Home Depot by 2.1% in the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after purchasing an additional 27 shares in the last quarter. Darwin Wealth Management LLC raised its holdings in Home Depot by 0.5% in the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after purchasing an additional 27 shares in the last quarter. Alesco Advisors LLC lifted its position in Home Depot by 3.2% during the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock valued at $298,000 after buying an additional 27 shares during the period. Finally, Canandaigua National Trust Co of Florida boosted its holdings in shares of Home Depot by 1.3% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock valued at $749,000 after buying an additional 27 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. Truist Financial reduced their target price on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Citigroup lowered their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. DA Davidson cut their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Telsey Advisory Group cut their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada decreased their target price on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Performance

Shares of NYSE HD traded up $4.71 during trading on Friday, reaching $343.44. 2,747,430 shares of the company traded hands, compared to its average volume of 4,667,555. The firm has a 50 day simple moving average of $325.05 and a 200-day simple moving average of $345.46. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock has a market capitalization of $342.45 billion, a PE ratio of 24.39, a P/E/G ratio of 3.96 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 the consensus estimate of $41.59 billion. During the same quarter in the prior year, the firm earned $3.56 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

About Home Depot

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.