ARQ Wealth Advisors LLC Buys New Holdings in The Home Depot, Inc. $HD

ARQ Wealth Advisors LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) during the first quarter, HoldingsChannel reports. The firm purchased 3,434 shares of the home improvement retailer’s stock, valued at approximately $1,129,000.

A number of other hedge funds also recently made changes to their positions in HD. Advocate Investing Services LLC bought a new stake in Home Depot in the 4th quarter valued at $25,000. Parvin Asset Management LLC lifted its stake 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 buying an additional 33 shares during the last quarter. Cache Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter worth about $27,000. Key Capital Management INC acquired a new position in Home Depot in the 4th quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Home Depot in the 1st quarter valued at about $28,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD traded up $4.71 during mid-day trading on Friday, reaching $343.44. The company had a trading volume of 2,747,430 shares, compared to its average volume of 4,667,555. The firm has a market cap of $342.45 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.96 and a beta of 0.95. The business’s 50-day simple moving average is $325.05 and its 200 day simple moving average is $345.46. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Robert W. Baird decreased their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Piper Sandler lowered their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Gordon Haskett lifted their target price on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Finally, Mizuho reduced their target price on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus 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.