GHP Investment Advisors Inc. Purchases 1,866 Shares of The Home Depot, Inc. $HD

GHP Investment Advisors Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,997 shares of the home improvement retailer’s stock after buying an additional 1,866 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Home Depot were worth $6,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Curio Wealth LLC boosted its stake in Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after purchasing an additional 26 shares during the last quarter. Alesco Advisors LLC increased its holdings in shares of Home Depot by 3.2% in the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after purchasing an additional 27 shares in the last quarter. Canandaigua National Trust Co of Florida raised its stake in shares of Home Depot by 1.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after purchasing an additional 27 shares during the last quarter. Moneco Advisors LLC raised its stake in shares of Home Depot by 0.3% in the fourth quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer’s stock worth $3,008,000 after purchasing an additional 27 shares during the last quarter. Finally, Noesis Capital Mangement Corp lifted its holdings in shares of Home Depot by 1.5% during the fourth quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer’s stock valued at $609,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Wells Fargo raised its Home Depot price target to $400 from $360 and maintained an “overweight” rating, citing potential upside if the company’s recovery gains traction. Wells Fargo raises Home Depot price target
• Positive Sentiment: Some analysts expect Home Depot to surpass quarterly estimates, pointing to its history of earnings surprises and favorable earnings indicators. Consensus expectations call for approximately $4.73 in earnings per share and $47.24 billion in revenue for the quarter. Home Depot earnings beat outlook
• Neutral Sentiment: Decker is expected to return within a few months. During his absence, Senior Executive Vice President Ann-Marie Campbell and CFO Richard McPhail will oversee operations and financial management, providing an established interim leadership structure. Home Depot interim management announcement
• Negative Sentiment: The CEO’s medical leave introduces execution and strategic-continuity concerns just before earnings. Investors will focus on whether interim management changes the company’s outlook or commentary on consumer demand and home-improvement spending. Home Depot CEO medical leave
• Negative Sentiment: Commentary from The Motley Fool argues that HD is priced for a recovery that may arrive too soon, recommending caution ahead of the earnings release. That valuation concern could amplify pressure if results or guidance disappoint. Should You Buy Home Depot Stock Before Aug. 18?

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HD shares. JPMorgan Chase & Co. reduced their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. DA Davidson restated a “buy” rating and set a $377.00 target price on shares of Home Depot in a research note on Monday, July 27th. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a report on Monday. The Goldman Sachs Group reduced their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Piper Sandler decreased their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $373.18.

Home Depot Trading Down 3.0%

HD stock opened at $343.96 on Thursday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The business has a 50 day simple moving average of $338.00 and a two-hundred day simple moving average of $342.17. The company has a market capitalization of $342.97 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 4.26 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 (EPS) for the quarter, beating 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 firm had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter last year, the business posted $3.56 earnings per share. The company’s revenue for the quarter 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 anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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