Compound Planning Inc. Lowers Stock Holdings in The Home Depot, Inc. $HD

Compound Planning Inc. cut its position in The Home Depot, Inc. (NYSE:HD) by 22.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,375 shares of the home improvement retailer’s stock after selling 2,685 shares during the quarter. Compound Planning Inc.’s holdings in Home Depot were worth $3,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the fourth quarter worth about $25,000. Parvin Asset Management LLC grew its holdings 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 valued at $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC purchased a new stake in Home Depot during the 1st quarter worth approximately $27,000. Key Capital Management INC purchased a new stake in Home Depot during the 4th quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot during the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $332.86 on Friday. The firm has a market capitalization of $331.91 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 3.75 and a beta of 0.95. The firm’s fifty day simple moving average is $329.52 and its 200-day simple moving average is $344.73. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm posted $3.56 earnings per share. The company’s 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. Equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on HD shares. BNP Paribas Exane decreased their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Argus reduced their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. TD Cowen decreased their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Guggenheim reissued a “buy” rating and set a $425.00 target price on shares of Home Depot in a research note on Monday, July 20th. Finally, Evercore cut their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $371.71.

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.