Arcus Capital Partners LLC Sells 2,314 Shares of The Home Depot, Inc. $HD

Arcus Capital Partners LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 48.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,445 shares of the home improvement retailer’s stock after selling 2,314 shares during the quarter. Arcus Capital Partners LLC’s holdings in Home Depot were worth $804,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Home Depot in the 4th quarter worth about $4,850,329,000. Wellington Management Group LLP grew its stake in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the period. Cardano Risk Management B.V. increased its position in shares of Home Depot by 901.5% during the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after purchasing an additional 2,961,979 shares during the last quarter. Diamant Asset Management Inc. raised its stake in shares of Home Depot by 33,026.3% during the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock worth $770,269,000 after purchasing an additional 2,334,956 shares during the period. Finally, J. Stern & Co. LLP raised its stake in shares of Home Depot by 14,869.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after purchasing an additional 2,217,607 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 2.5%

Shares of NYSE:HD opened at $339.22 on Friday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The firm has a fifty day moving average of $326.96 and a 200 day moving average of $345.24. The firm has a market capitalization of $338.24 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 4.02 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 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 the consensus estimate of $41.59 billion. During the same quarter last year, the business posted $3.56 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given 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%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HD shares. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $346.00 price target on shares of Home Depot in a research report on Wednesday, May 20th. Citigroup cut their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. UBS Group reduced their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group lowered 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 report on Thursday, June 4th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.