The Home Depot, Inc. $HD Shares Bought by Assetmark Inc.

Assetmark Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 19.6% in the first quarter, Holdings Channel reports. The fund owned 84,474 shares of the home improvement retailer’s stock after buying an additional 13,866 shares during the period. Assetmark Inc.’s holdings in Home Depot were worth $27,783,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Parvin Asset Management LLC increased its holdings in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Advocate Investing Services LLC purchased a new position in Home Depot during the fourth quarter worth approximately $25,000. Key Capital Management INC acquired a new position in Home Depot during the fourth quarter worth $28,000. Cache Advisors LLC purchased a new stake in Home Depot in the 1st quarter valued at $27,000. Finally, Imprint Wealth LLC acquired a new stake in shares of Home Depot in the 3rd quarter worth $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on HD. Truist Financial reduced their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Gordon Haskett lifted their target price on shares of Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Finally, UBS Group decreased their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Down 2.5%

Shares of HD opened at $339.22 on Friday. The company’s 50-day moving average price is $326.96 and its 200 day moving average price is $345.24. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a market cap of $338.24 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping 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 company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter last year, the firm posted $3.56 earnings per share. Home Depot’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. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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

Home Depot Company 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.