Arrowstreet Capital Limited Partnership Sells 548,836 Shares of The Home Depot, Inc. $HD

Arrowstreet Capital Limited Partnership decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 20.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,085,638 shares of the home improvement retailer’s stock after selling 548,836 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Home Depot were worth $717,668,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HD. King Luther Capital Management Corp grew its holdings 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 worth $426,848,000 after purchasing an additional 7,180 shares during the last quarter. Carnegie Investment Counsel increased 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 purchasing an additional 21,545 shares in the last quarter. Savvy Advisors Inc. increased 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 purchasing an additional 5,152 shares in the last quarter. Mariner LLC increased 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 purchasing an additional 40,693 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased 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 purchasing an additional 8,606 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America assumed coverage on Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price target on the stock. Gordon Haskett upped their price target on Home Depot from $320.00 to $330.00 in a research report on Friday. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Royal Bank Of Canada reduced their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 20th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $365.00 price target on shares of Home Depot in a research report on Tuesday, May 19th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Price Performance

Shares of HD opened at $328.37 on Friday. The firm has a market capitalization of $327.42 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.79 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 1-year low of $289.10 and a 1-year high of $426.75. The company’s fifty day moving average price is $322.44 and its 200-day moving average price is $347.04.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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