SOL Capital Management CO Sells 10,938 Shares of The Home Depot, Inc. $HD

SOL Capital Management CO trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 92.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 917 shares of the home improvement retailer’s stock after selling 10,938 shares during the quarter. SOL Capital Management CO’s holdings in Home Depot were worth $329,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC grew its position in 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 period. Advocate Investing Services LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $25,000. Key Capital Management INC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $28,000. Cache Advisors LLC bought a new position in shares of Home Depot in the first quarter valued at approximately $27,000. Finally, Imprint Wealth LLC purchased a new position in shares of Home Depot during the third quarter valued at approximately $34,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HD shares. Morgan Stanley decreased their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a report on Wednesday, May 20th. HSBC cut their price objective on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Argus lowered their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, BNP Paribas Exane dropped their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

Shares of HD opened at $357.73 on Friday. 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 company has a market capitalization of $356.69 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 4.05 and a beta of 0.95. The stock has a 50 day moving average of $323.60 and a 200 day moving average of $345.74. 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 posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 earnings per share. The business’s revenue 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, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio 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.