Nicholas Wealth LLC. Sells 2,425 Shares of The Home Depot, Inc. $HD

Nicholas Wealth LLC. decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 37.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,082 shares of the home improvement retailer’s stock after selling 2,425 shares during the quarter. Home Depot accounts for approximately 0.9% of Nicholas Wealth LLC.’s holdings, making the stock its 23rd biggest holding. Nicholas Wealth LLC.’s holdings in Home Depot were worth $1,405,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HD. Silver Grove Financial Group Inc. increased its position in shares of Home Depot by 11.7% during the 4th quarter. Silver Grove Financial Group Inc. now owns 1,657 shares of the home improvement retailer’s stock worth $570,000 after purchasing an additional 173 shares in the last quarter. Pointe Capital Management LLC increased its position in Home Depot by 9.5% in the 4th quarter. Pointe Capital Management LLC now owns 910 shares of the home improvement retailer’s stock valued at $313,000 after acquiring an additional 79 shares in the last quarter. Howe & Rusling Inc. increased its position in Home Depot by 13.9% in the 4th quarter. Howe & Rusling Inc. now owns 3,971 shares of the home improvement retailer’s stock valued at $1,367,000 after acquiring an additional 485 shares in the last quarter. Elefante Mark B increased its position in Home Depot by 3.2% in the 4th quarter. Elefante Mark B now owns 11,951 shares of the home improvement retailer’s stock valued at $4,112,000 after acquiring an additional 375 shares in the last quarter. Finally, Dempze Nancy E boosted its stake in shares of Home Depot by 5.4% in the 4th quarter. Dempze Nancy E now owns 13,511 shares of the home improvement retailer’s stock valued at $4,649,000 after purchasing an additional 687 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. DA Davidson dropped their target price on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Oppenheimer dropped their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Argus dropped their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, TD Cowen dropped their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on 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

NYSE HD opened at $336.85 on Wednesday. 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 Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a market capitalization of $335.88 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.81 and a beta of 0.97. The firm’s 50 day moving average is $322.91 and its 200-day moving average is $346.83.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period last year, the company earned $3.56 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. 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 fiscal year.

Home Depot Dividend Announcement

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