Citizens Financial Group Inc. RI Reduces Position in The Home Depot, Inc. $HD

Citizens Financial Group Inc. RI trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,485 shares of the home improvement retailer’s stock after selling 1,489 shares during the period. Citizens Financial Group Inc. RI’s holdings in Home Depot were worth $33,377,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Brighton Jones LLC grew its holdings in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after buying an additional 1,433 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Home Depot in the 2nd quarter valued at about $1,773,000. Finally, Financial Advisors Network Inc. boosted its position in Home Depot by 11.3% in the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock valued at $868,000 after buying an additional 241 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $346.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Jefferies Financial Group dropped their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. TD Cowen reduced their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Robert W. Baird lowered their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Guggenheim reissued a “buy” rating on shares of Home Depot in a research report on Monday, June 29th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Up 1.4%

NYSE HD traded up $4.71 on Friday, hitting $343.44. The stock had a trading volume of 2,747,430 shares, compared to its average volume of 4,667,555. The business’s fifty day moving average price is $325.05 and its 200 day moving average price is $345.46. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock has a market cap of $342.45 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 3.96 and a beta of 0.95.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The company 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% compared to the same quarter last year. During the same period last year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date 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 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.