Cumberland Partners Ltd Sells 46,075 Shares of The Home Depot, Inc. $HD

Cumberland Partners Ltd lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 76.4% in the first quarter, HoldingsChannel.com reports. The fund owned 14,212 shares of the home improvement retailer’s stock after selling 46,075 shares during the period. Cumberland Partners Ltd’s holdings in Home Depot were worth $4,674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advocate Investing Services LLC bought a new stake in Home Depot during the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC increased its holdings 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 worth $26,000 after buying an additional 33 shares during the last quarter. Cache Advisors LLC bought a new position in shares of Home Depot in the 1st quarter worth $27,000. Key Capital Management INC purchased a new stake in shares of Home Depot during the 4th quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Evercore cut their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. HSBC lowered their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. BNP Paribas Exane dropped their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Telsey Advisory Group reduced their price objective on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, DA Davidson dropped their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Stock Performance

Shares of HD stock opened at $332.86 on Friday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The stock has a 50 day moving average price of $329.52 and a two-hundred day moving average price of $344.73. The company has a market capitalization of $331.91 billion, a P/E ratio of 23.64, a PEG ratio of 3.75 and a beta of 0.95.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the firm posted $3.56 earnings per share. The business’s quarterly 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. Analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. 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.