Regency Capital Management Inc. DE Grows Stock Holdings in The Home Depot, Inc. $HD

Regency Capital Management Inc. DE grew its position in The Home Depot, Inc. (NYSE:HD) by 457.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,339 shares of the home improvement retailer’s stock after buying an additional 8,485 shares during the quarter. Home Depot accounts for 1.5% of Regency Capital Management Inc. DE’s holdings, making the stock its 23rd largest holding. Regency Capital Management Inc. DE’s holdings in Home Depot were worth $3,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rockport Wealth LLC purchased a new position in Home Depot during the 1st quarter valued at about $222,000. Wealthfront Advisers LLC increased its stake in Home Depot by 5.0% during the first quarter. Wealthfront Advisers LLC now owns 122,119 shares of the home improvement retailer’s stock worth $40,164,000 after purchasing an additional 5,773 shares during the period. Navigation Group LLC purchased a new stake in Home Depot during the first quarter worth about $849,000. Illinois Municipal Retirement Fund lifted its position in shares of Home Depot by 3.8% during the first quarter. Illinois Municipal Retirement Fund now owns 65,862 shares of the home improvement retailer’s stock worth $21,661,000 after purchasing an additional 2,394 shares in the last quarter. Finally, Nolet Wealth Management LLC lifted its position in shares of Home Depot by 50.3% during the first quarter. Nolet Wealth Management LLC now owns 1,479 shares of the home improvement retailer’s stock worth $486,000 after purchasing an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $341.62 on Thursday. The firm has a market capitalization of $340.64 billion, a P/E ratio of 24.26, a P/E/G ratio of 3.90 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week 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. The firm’s 50 day moving average is $326.03 and its two-hundred day moving average is $345.29.

Home Depot (NYSE:HD) last issued 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 net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 EPS. The company’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. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given 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 yield of 2.7%. Home Depot’s payout ratio is 66.19%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Gordon Haskett boosted their price target on shares of Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Argus reduced their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Telsey Advisory Group decreased their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Oppenheimer lowered their target price on 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. Finally, JPMorgan Chase & Co. cut their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.71.

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.