Mariner LLC Lowers Stock Position in The Home Depot, Inc. $HD

Mariner LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,129,019 shares of the home improvement retailer’s stock after selling 7,565 shares during the period. Mariner LLC’s holdings in Home Depot were worth $388,514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new position in Home Depot during the fourth quarter valued at $25,000. Parvin Asset Management LLC lifted its position in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the period. Key Capital Management INC purchased a new position in Home Depot during the fourth quarter valued at $28,000. Navalign LLC purchased a new position in Home Depot during the fourth quarter valued at $31,000. Finally, Disciplined Equity Management Inc. purchased a new position in Home Depot during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Oppenheimer lowered their price objective on 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. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Piper Sandler lowered their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Finally, DA Davidson lowered their price target on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Price Performance

HD opened at $328.37 on Monday. The stock has a 50-day moving average price of $322.44 and a 200-day moving average price of $347.12. 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 firm has a market cap of $327.42 billion, a PE ratio of 23.32, a P/E/G ratio of 3.79 and a beta of 0.97. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly 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 analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

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.