Moran Wealth Management LLC Buys 3,737 Shares of The Home Depot, Inc. $HD

Moran Wealth Management LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 10.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,407 shares of the home improvement retailer’s stock after acquiring an additional 3,737 shares during the quarter. Moran Wealth Management LLC’s holdings in Home Depot were worth $13,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Advocate Investing Services LLC purchased a new position in shares of Home Depot in the fourth quarter worth $25,000. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% during the 3rd 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. Cache Advisors LLC bought a new stake in Home Depot in the 1st quarter worth $27,000. Key Capital Management INC bought a new stake in Home Depot in the 4th quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of Home Depot in the first quarter valued at about $28,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Piper Sandler lowered their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Evercore cut their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Wolfe Research downgraded Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Argus lowered their price target on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Mizuho dropped their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Stock Down 0.0%

Shares of Home Depot stock opened at $357.73 on Friday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a market cap of $356.69 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 4.13 and a beta of 0.95. The company has a 50-day moving average of $323.97 and a 200 day moving average of $345.83. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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