Blue Chip Partners LLC Raises Holdings in The Home Depot, Inc. $HD

Blue Chip Partners LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,040 shares of the home improvement retailer’s stock after buying an additional 4,543 shares during the quarter. Home Depot comprises about 2.0% of Blue Chip Partners LLC’s portfolio, making the stock its 21st biggest holding. Blue Chip Partners LLC’s holdings in Home Depot were worth $27,640,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new position in Home Depot during the fourth quarter worth about $25,000. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC acquired a new stake in Home Depot in the 1st quarter valued at about $27,000. Key Capital Management INC acquired a new stake in Home Depot in the fourth quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter worth $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of research analyst reports. Bank of America initiated coverage on Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price target for the company. Guggenheim reaffirmed a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Monday, July 20th. Jefferies Financial Group lowered their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Gordon Haskett upped their price objective on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Finally, TD Cowen lowered their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Performance

NYSE:HD opened at $332.86 on Monday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The firm has a market cap of $331.91 billion, a PE ratio of 23.64, a P/E/G ratio of 3.84 and a beta of 0.95. The firm has a 50 day simple moving average of $329.52 and a 200-day simple moving average of $344.73. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

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, topping the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter last year, the firm earned $3.56 earnings per share. The business’s 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. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 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.