9,844 Shares in The Home Depot, Inc. $HD Purchased by MV Capital Management Inc.

MV Capital Management Inc. purchased a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,844 shares of the home improvement retailer’s stock, valued at approximately $3,387,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Catalyst Investment Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $424,000. Sunbelt Securities Inc. grew its stake in shares of Home Depot by 2.5% in the 4th quarter. Sunbelt Securities Inc. now owns 6,437 shares of the home improvement retailer’s stock worth $2,215,000 after purchasing an additional 160 shares during the last quarter. Cambient Family Office LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $5,987,000. McLaughlin Asset Management Inc. bought a new stake in shares of Home Depot in the 4th quarter worth approximately $311,000. Finally, White Knight Strategic Wealth Advisors LLC lifted its stake in Home Depot by 39.2% during the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 3,003 shares of the home improvement retailer’s stock valued at $1,033,000 after purchasing an additional 845 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HD has been the subject of a number of research reports. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Piper Sandler dropped their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Stifel Nicolaus cut their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Monday, May 18th. HSBC reduced their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Finally, Gordon Haskett lifted their target price on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. 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’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

More Home Depot News

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

• Positive Sentiment: Home Depot is being highlighted in analyst coverage after its latest earnings report, with commentary focused on whether the stock can keep its recent momentum. Home Depot (HD) Up 5.4% Since Last Earnings Report: Can It Continue?
• Positive Sentiment: Home Depot also appeared in analyst research roundups, which can reinforce investor attention around the stock and keep sentiment supported. The Zacks Analyst Blog Highlights NVIDIA, Oracle, Home Depot, Catalyst Bancorp and Hour Loop
• Positive Sentiment: Another research note featured Home Depot among top analyst reports, a sign that the company remains in focus for Wall Street watchers. Top Analyst Reports for NVIDIA, Oracle & Home Depot
• Neutral Sentiment: Home Depot was included in a promotional article about its “Skelly” character being used in World Cup marketing, which is more of a brand-awareness item than a direct earnings driver. Home Depot Stock (NYSE:HD) Ticks Up as It Brings Out Skelly for World Cup
• Negative Sentiment: Separately, Home Depot was named in an HRC survey as a company some LGBTQ+ consumers perceive as rolling back DEI commitments, a reputational headline that could weigh on sentiment even if the direct financial impact is unclear. Home Depot (HD) Named In HRC Survey On DEI Pullback Perceptions

Home Depot Stock Performance

Home Depot stock opened at $334.72 on Friday. The firm’s 50 day simple moving average is $323.27 and its 200-day simple moving average is $346.47. The company has a market cap of $333.75 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 3.78 and a beta of 0.97. 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 fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last issued 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. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

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.