The Home Depot, Inc. $HD Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 7.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 219,054 shares of the home improvement retailer’s stock after acquiring an additional 14,601 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Home Depot were worth $72,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $25,000. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% in the third 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. Cache Advisors LLC purchased a new stake in shares of Home Depot in the first quarter valued at approximately $27,000. Key Capital Management INC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $28,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

HD traded up $4.71 during trading on Friday, reaching $343.44. The company’s stock had a trading volume of 2,747,430 shares, compared to its average volume of 4,667,555. The company has a market cap of $342.46 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.91 and a beta of 0.95. The firm has a fifty day simple moving average of $325.05 and a two-hundred day simple moving average of $345.46. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

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, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $41.59 billion. During the same period in the prior year, the business earned $3.56 earnings per share. The business’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. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Analyst Ratings Changes

A number of research firms recently issued reports on HD. Robert W. Baird dropped their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Oppenheimer cut their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. Wolfe Research downgraded shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company decreased their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Evercore lowered their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Eighteen investment 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’s stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $371.71.

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.