Faithward Advisors LLC Boosts Stock Holdings in The Home Depot, Inc. $HD

Faithward Advisors LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 44.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,241 shares of the home improvement retailer’s stock after acquiring an additional 2,528 shares during the quarter. Faithward Advisors LLC’s holdings in Home Depot were worth $2,710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Brave Asset Management Inc. raised its holdings in shares of Home Depot by 5.6% in the first quarter. Brave Asset Management Inc. now owns 2,582 shares of the home improvement retailer’s stock valued at $849,000 after purchasing an additional 138 shares during the last quarter. Community Bank of Raymore grew its position in Home Depot by 2.4% in the 1st quarter. Community Bank of Raymore now owns 6,139 shares of the home improvement retailer’s stock worth $2,019,000 after purchasing an additional 142 shares in the last quarter. Burns J W & Co. Inc. NY grew its position in Home Depot by 0.5% in the 1st quarter. Burns J W & Co. Inc. NY now owns 14,865 shares of the home improvement retailer’s stock worth $4,889,000 after purchasing an additional 75 shares in the last quarter. Berman McAleer LLC increased its stake in Home Depot by 1.5% in the 1st quarter. Berman McAleer LLC now owns 6,658 shares of the home improvement retailer’s stock valued at $2,190,000 after buying an additional 98 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its stake in Home Depot by 22.2% in the 1st quarter. Cidel Asset Management Inc. now owns 6,170 shares of the home improvement retailer’s stock valued at $2,029,000 after buying an additional 1,119 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HD. Evercore decreased their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Truist Financial cut their price objective on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. DA Davidson reduced their price objective on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Royal Bank Of Canada decreased their target price on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 20th. Finally, Mizuho lowered their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Trading Up 0.4%

NYSE:HD opened at $344.30 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 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. The firm’s 50 day moving average is $322.79 and its 200 day moving average is $345.76. The stock has a market capitalization of $343.30 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 3.96 and a beta of 0.97.

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 analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the prior year, the firm earned $3.56 EPS. The business’s revenue for the quarter 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. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is currently 66.19%.

More Home Depot News

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

• Positive Sentiment: Investors are reacting positively to reports that Home Depot is expanding its AI use cases to improve customer service and worker efficiency, which could help margins and support a better customer experience over time. How Home Depot is rebuilding retailing with AI
• Positive Sentiment: Some recent commentary argues that Home Depot could move materially higher if housing conditions improve, with one piece making a bullish case tied to a new housing bill and another predicting a return toward $400, reflecting continued investor confidence in the company’s long-term fundamentals. Home Depot: New Housing Bill Is A Major Positive (Rating Upgrade)
• Neutral Sentiment: Home Depot continues to be highlighted as a defensive blue-chip and dividend stock, keeping the company on investors’ radar even without a major new catalyst. Best Home Improvement Stocks To Keep An Eye On – June 22nd
• Neutral Sentiment: Additional articles about Home Depot’s AI strategy and long-term stock potential have reinforced the investment thesis, but mostly serve as follow-up commentary rather than fresh fundamental news. Wolfe Research Says Home Depot (HD) Remains in Limbo amid Housing Market Challenges
• Negative Sentiment: Wolfe Research downgraded Home Depot to Peer Perform from Outperform, saying the stock “remains in limbo” as investors weigh housing-market challenges, which is likely the main bearish catalyst in the latest headlines. “I’m Not Going to Hold Them Back,” Home Depot Stock (NYSE:HD) Gains With Increasing AI Focus

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.