J. Derek Lewis & Associates Inc. Makes New $1.45 Million Investment in The Home Depot, Inc. $HD

J. Derek Lewis & Associates Inc. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, Holdings Channel.com reports. The firm purchased 4,208 shares of the home improvement retailer’s stock, valued at approximately $1,448,000.

Other large investors have also recently made changes to their positions in the company. Advocate Investing Services LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at $25,000. Parvin Asset Management LLC lifted its stake in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Key Capital Management INC purchased a new stake in Home Depot during the fourth quarter valued at about $28,000. Abound Financial LLC purchased a new stake in Home Depot during the fourth quarter valued at about $29,000. Finally, Osbon Capital Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $29,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HD. The Goldman Sachs Group lowered their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group dropped their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Wells Fargo & Company cut their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Wolfe Research reaffirmed an “outperform” rating and issued a $365.00 target price on shares of Home Depot in a research note on Tuesday, May 19th. Finally, Guggenheim reiterated a “buy” rating and set a $425.00 price target on shares of Home Depot in a report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Trading Up 0.1%

NYSE HD opened at $334.72 on Monday. The stock has a market cap of $333.75 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The stock has a 50 day simple moving average of $323.24 and a two-hundred day simple moving average of $346.31. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last posted 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 firm 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%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same period 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. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. 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.