The Home Depot, Inc. $HD Position Increased by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 72.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 42,335 shares of the home improvement retailer’s stock after acquiring an additional 17,731 shares during the quarter. Vise Technologies Inc.’s holdings in Home Depot were worth $14,568,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HD. Parvin Asset Management LLC lifted its position in shares of Home Depot by 110.0% in the third 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 in the last quarter. Key Capital Management INC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $28,000. Financially Speaking Inc purchased a new stake in shares of Home Depot in the third quarter worth approximately $31,000. Navalign LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $31,000. Finally, Disciplined Equity Management Inc. purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.9%

Shares of HD stock opened at $310.30 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month 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 business’s 50 day moving average is $323.38 and its two-hundred day moving average is $348.00. The company has a market cap of $309.41 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 3.61 and a beta of 0.97.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter last year, the company 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. Equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

More Home Depot News

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

• Negative Sentiment: A TipRanks article says Home Depot is slipping as a new major competitor emerges, adding to concerns that the company may face more pricing and traffic pressure in an already challenging market. Home Depot Stock (NYSE:HD) Slips as New Major Competitor Emerges
• Neutral Sentiment: Jefferies slightly lowered its price target on Home Depot to $360 from $361 while keeping a Buy rating, signaling continued analyst support even though the stock may have limited near-term upside from current levels. Jefferies Adjusts Price Target on Home Depot to $360 From $361, Maintains Buy Rating
• Neutral Sentiment: Recent commentary from The Motley Fool highlighted that Home Depot remains a cyclical business tied to household balance sheets and consumer confidence, but also noted its strength with professional customers, suggesting a mixed outlook rather than a clear catalyst. 3 Things to Know About Home Depot Stock Before You Buy
• Positive Sentiment: Analyst coverage and recent articles have pointed to meaningful upside potential for Home Depot (HD) if valuation support and better housing trends materialize, which could help limit downside and attract dip buyers. How High Can Home Depot’s Stock (HD) Price Rise?

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Mizuho reduced their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Jefferies Financial Group reduced their price target on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Truist Financial cut their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company cut their price objective on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $371.36.

About Home Depot

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.