Apella Capital LLC Boosts Stock Holdings in The Home Depot, Inc. $HD

Apella Capital LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 91.0% during the first quarter, HoldingsChannel.com reports. The fund owned 12,699 shares of the home improvement retailer’s stock after purchasing an additional 6,050 shares during the quarter. Apella Capital LLC’s holdings in Home Depot were worth $4,437,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Thoma Capital Management LLC boosted its holdings in shares of Home Depot by 9.5% during the 1st quarter. Thoma Capital Management LLC now owns 1,077 shares of the home improvement retailer’s stock valued at $354,000 after purchasing an additional 93 shares during the last quarter. Godsey & Gibb Inc. increased its stake in Home Depot by 0.6% in the 1st quarter. Godsey & Gibb Inc. now owns 62,858 shares of the home improvement retailer’s stock worth $20,673,000 after acquiring an additional 395 shares during the last quarter. Tranquility Partners LLC increased its stake in Home Depot by 4.0% in the 1st quarter. Tranquility Partners LLC now owns 1,887 shares of the home improvement retailer’s stock worth $621,000 after acquiring an additional 73 shares during the last quarter. Consilium Wealth Advisory LLC raised its holdings in shares of Home Depot by 32.2% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,198 shares of the home improvement retailer’s stock worth $394,000 after acquiring an additional 292 shares in the last quarter. Finally, Focused Wealth Management Inc raised its holdings in shares of Home Depot by 28.1% during the 1st quarter. Focused Wealth Management Inc now owns 1,639 shares of the home improvement retailer’s stock worth $539,000 after acquiring an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.4%

Shares of HD opened at $344.30 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The business has a fifty day moving average of $322.79 and a 200 day moving average of $345.76. The company has a market cap of $343.31 billion, a PE ratio of 24.45, a P/E/G ratio of 3.96 and a beta of 0.97. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week 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 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 business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the business posted $3.56 earnings per share. The business’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 expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price 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. Jefferies Financial Group decreased their price target on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Morgan Stanley lowered their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Truist Financial dropped their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Finally, Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $371.71.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Investors are reacting positively to reports that Home Depot is expanding its AI use cases to improve customer service and worker efficiency, which could help margins and support a better customer experience over time. How Home Depot is rebuilding retailing with AI
• Positive Sentiment: Some recent commentary argues that Home Depot could move materially higher if housing conditions improve, with one piece making a bullish case tied to a new housing bill and another predicting a return toward $400, reflecting continued investor confidence in the company’s long-term fundamentals. Home Depot: New Housing Bill Is A Major Positive (Rating Upgrade)
• Neutral Sentiment: Home Depot continues to be highlighted as a defensive blue-chip and dividend stock, keeping the company on investors’ radar even without a major new catalyst. Best Home Improvement Stocks To Keep An Eye On – June 22nd
• Neutral Sentiment: Additional articles about Home Depot’s AI strategy and long-term stock potential have reinforced the investment thesis, but mostly serve as follow-up commentary rather than fresh fundamental news. Wolfe Research Says Home Depot (HD) Remains in Limbo amid Housing Market Challenges
• Negative Sentiment: Wolfe Research downgraded Home Depot to Peer Perform from Outperform, saying the stock “remains in limbo” as investors weigh housing-market challenges, which is likely the main bearish catalyst in the latest headlines. “I’m Not Going to Hold Them Back,” Home Depot Stock (NYSE:HD) Gains With Increasing AI Focus

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.