Captrust Financial Advisors Reduces Position in The Home Depot, Inc. $HD

Captrust Financial Advisors cut its position in The Home Depot, Inc. (NYSE:HD) by 3.7% during the fourth quarter, HoldingsChannel reports. The firm owned 267,636 shares of the home improvement retailer’s stock after selling 10,291 shares during the quarter. Captrust Financial Advisors’ holdings in Home Depot were worth $92,094,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Advocate Investing Services LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $25,000. Key Capital Management INC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $28,000. Imprint Wealth LLC purchased a new stake in shares of Home Depot in the 3rd quarter valued at approximately $34,000. Finally, Abound Financial LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $29,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HD. Morgan Stanley lowered their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Wolfe Research restated an “outperform” rating and issued a $365.00 target price on shares of Home Depot in a report on Tuesday, May 19th. Citigroup lowered their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Nineteen investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Trading Up 2.1%

Shares of Home Depot stock opened at $336.85 on Wednesday. The company has a fifty day simple moving average of $322.91 and a 200-day simple moving average of $346.83. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The stock has a market cap of $335.88 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.81 and a beta of 0.97.

Home Depot (NYSE:HD) last issued its quarterly 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%. Home Depot’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $2.33 per share. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio is currently 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.