The Home Depot, Inc. $HD Shares Acquired by RFP Financial Group LLC

RFP Financial Group LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 99.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,714 shares of the home improvement retailer’s stock after purchasing an additional 7,332 shares during the period. Home Depot makes up about 2.4% of RFP Financial Group LLC’s holdings, making the stock its 7th biggest position. RFP Financial Group LLC’s holdings in Home Depot were worth $5,063,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HD. Norges Bank acquired a new stake in Home Depot during the fourth quarter worth approximately $4,850,329,000. Wellington Management Group LLP grew its stake in Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares during the period. Cardano Risk Management B.V. grew its stake in Home Depot by 901.5% during the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock worth $1,132,275,000 after purchasing an additional 2,961,979 shares during the period. Parnassus Investments LLC grew its stake in Home Depot by 712.3% during the fourth quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock worth $715,913,000 after purchasing an additional 1,824,409 shares during the period. Finally, Vanguard Group Inc. grew its stake in Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after purchasing an additional 1,325,748 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Argus reduced their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Piper Sandler lowered their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Citigroup cut their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Telsey Advisory Group cut their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, TD Cowen cut their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Price Performance

Shares of HD opened at $328.37 on Monday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The business’s fifty day moving average is $322.44 and its 200 day moving average is $347.12. 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 stock has a market cap of $327.42 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.79 and a beta of 0.97.

Home Depot (NYSE:HD) last announced its earnings results 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. The company had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.

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.