Tandemgrowth Financial Advisors LLC Makes New Investment in The Home Depot, Inc. $HD

Tandemgrowth Financial Advisors LLC bought a new position in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, HoldingsChannel reports. The fund bought 2,294 shares of the home improvement retailer’s stock, valued at approximately $789,000. Home Depot accounts for about 0.7% of Tandemgrowth Financial Advisors LLC’s holdings, making the stock its 15th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. RKL Wealth Management LLC grew its position in Home Depot by 16.0% in the 4th quarter. RKL Wealth Management LLC now owns 6,845 shares of the home improvement retailer’s stock worth $2,355,000 after purchasing an additional 942 shares during the last quarter. Investment Research Partners LLC grew its position in Home Depot by 11.9% in the 4th quarter. Investment Research Partners LLC now owns 1,205 shares of the home improvement retailer’s stock worth $415,000 after purchasing an additional 128 shares during the last quarter. Oath Planning LLC bought a new position in Home Depot in the 4th quarter worth about $214,000. Kovack Advisors Inc. grew its position in Home Depot by 133.7% in the 4th quarter. Kovack Advisors Inc. now owns 32,221 shares of the home improvement retailer’s stock worth $11,087,000 after purchasing an additional 18,435 shares during the last quarter. Finally, Sepio Capital LP grew its position in Home Depot by 109.7% in the 4th quarter. Sepio Capital LP now owns 3,081 shares of the home improvement retailer’s stock worth $1,060,000 after purchasing an additional 1,612 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HD. Telsey Advisory Group decreased their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $346.00 price objective on shares of Home Depot in a report on Wednesday, May 20th. BNP Paribas Exane decreased their price objective on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. TD Cowen decreased their price objective on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, Stifel Nicolaus decreased their price objective on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $371.36.

Home Depot Trading Up 2.4%

Home Depot stock opened at $326.71 on Friday. The firm has a 50 day simple moving average of $322.48 and a 200-day simple moving average of $347.18. 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 stock has a market capitalization of $325.77 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 3.68 and a beta of 0.97. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 8.41% and a return on equity of 117.24%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Home Depot News Roundup

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

• Positive Sentiment: Jim Cramer said Home Depot looks like a “good level” to own, which may reinforce confidence that the stock is attractive after recent weakness. Jim Cramer on Home Depot: “I Think That This Is a Good Level”
• Positive Sentiment: Additional commentary highlighted Home Depot’s “wide moat” and long-term compounding potential, supporting the view that the company remains a high-quality defensive retailer. 1 Cyclical Dow Juggernaut With an Unshakable Moat to Buy
• Neutral Sentiment: Erste Group Bank trimmed its FY2027 and FY2028 earnings estimates slightly, but the revisions were small and still leave expectations near Wall Street’s current full-year EPS outlook, so the impact on sentiment appears limited.
• Neutral Sentiment: Coverage on Home Depot’s expansion efforts, including recent pro-focused acquisitions, suggests management is continuing to build scale and logistics capabilities, but the articles frame this as a longer-term strategy rather than an immediate catalyst. Home Depot’s Expansion Play: Building Scale or Growth Story?

About Home Depot

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.