The Home Depot, Inc. $HD Stake Lowered by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 35.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 10,106 shares of the home improvement retailer’s stock after selling 5,604 shares during the period. Home Depot comprises about 2.0% of American Institute for Advanced Investment Management LLP’s holdings, making the stock its 8th largest position. American Institute for Advanced Investment Management LLP’s holdings in Home Depot were worth $3,324,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Severin Investments LLC lifted its holdings in shares of Home Depot by 12.8% during the 1st quarter. Severin Investments LLC now owns 2,204 shares of the home improvement retailer’s stock valued at $725,000 after buying an additional 250 shares during the period. Family Investment Center Inc. increased its holdings in Home Depot by 4.7% during the first quarter. Family Investment Center Inc. now owns 1,573 shares of the home improvement retailer’s stock valued at $517,000 after buying an additional 70 shares during the last quarter. Wagner Wealth Management LLC raised its position in Home Depot by 4.0% in the first quarter. Wagner Wealth Management LLC now owns 4,087 shares of the home improvement retailer’s stock worth $1,344,000 after acquiring an additional 159 shares during the period. Key Financial Inc raised its position in Home Depot by 15.1% in the first quarter. Key Financial Inc now owns 3,383 shares of the home improvement retailer’s stock worth $1,113,000 after acquiring an additional 443 shares during the period. Finally, Ellenbecker Investment Group boosted its stake in shares of Home Depot by 4.6% during the 1st quarter. Ellenbecker Investment Group now owns 2,177 shares of the home improvement retailer’s stock worth $716,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $351.50 on Thursday. The company has a market capitalization of $350.49 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 4.07 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. The stock’s 50-day simple moving average is $323.33 and its 200-day simple moving average is $345.76. 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 released its earnings results 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. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HD shares. Oppenheimer cut their price objective on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday, May 18th. Piper Sandler lowered their target price 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. Wolfe Research lowered Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, TD Cowen lowered their price objective on 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 analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.