Lighthouse Financial Services Inc. ADV Buys New Stake in The Home Depot, Inc. $HD

Lighthouse Financial Services Inc. ADV bought a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,054 shares of the home improvement retailer’s stock, valued at approximately $2,427,000.

A number of other hedge funds have also recently modified their holdings of HD. Parvin Asset Management LLC grew 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 worth $26,000 after purchasing an additional 33 shares during the last quarter. Key Capital Management INC purchased a new position in Home Depot during the 4th quarter worth $28,000. Financially Speaking Inc purchased a new position in Home Depot during the 3rd quarter worth $31,000. Disciplined Equity Management Inc. purchased a new position in Home Depot during the 4th quarter worth $34,000. Finally, Family CFO Inc purchased a new position in Home Depot during the 4th quarter worth $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 1.6%

Shares of NYSE:HD opened at $317.43 on Friday. The company has a market cap of $316.17 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 3.72 and a beta of 1.00. The firm’s 50-day simple moving average is $339.65 and its 200-day simple moving average is $357.57. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a fifty-two week low of $310.40 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

HD has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Truist Financial set a $424.00 price objective on shares of Home Depot in a research report on Tuesday, February 24th. DA Davidson raised their price objective on shares of Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group lowered their target price on shares of Home Depot from $413.00 to $409.00 in a report on Wednesday, February 25th. Finally, Robert W. Baird lifted their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $412.24.

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.