CenterBook Partners LP Purchases Shares of 29,763 The Home Depot, Inc. $HD

CenterBook Partners LP purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,763 shares of the home improvement retailer’s stock, valued at approximately $10,241,000.

Other hedge funds also recently added to or reduced their stakes in the company. King Luther Capital Management Corp increased its stake in Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after purchasing an additional 7,180 shares during the last quarter. Carnegie Investment Counsel grew its position in shares of Home Depot by 24.8% during the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock worth $37,268,000 after acquiring an additional 21,545 shares during the last quarter. Savvy Advisors Inc. grew its position in shares of Home Depot by 36.0% during the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock worth $6,703,000 after acquiring an additional 5,152 shares during the last quarter. Mariner LLC grew its position in shares of Home Depot by 3.7% during the third quarter. Mariner LLC now owns 1,136,584 shares of the home improvement retailer’s stock worth $460,544,000 after acquiring an additional 40,693 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Home Depot by 320.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after acquiring an additional 8,606 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HD. The Goldman Sachs Group lowered their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Weiss Ratings lowered shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Argus lowered their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Telsey Advisory Group lowered their target price on shares of 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, JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $371.36.

Home Depot Price Performance

Home Depot stock opened at $310.73 on Monday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. 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 business has a fifty day moving average of $322.95 and a two-hundred day moving average of $347.66. The company has a market cap of $309.83 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 3.59 and a beta of 0.97.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS 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 company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter last year, the company earned $3.56 earnings per share. Home Depot’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. As a group, analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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