Value Partners Investments Inc. Has $30.60 Million Position in The Home Depot, Inc. $HD

Value Partners Investments Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 52.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,938 shares of the home improvement retailer’s stock after purchasing an additional 32,172 shares during the quarter. Home Depot comprises 2.3% of Value Partners Investments Inc.’s portfolio, making the stock its 20th largest holding. Value Partners Investments Inc.’s holdings in Home Depot were worth $30,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gator Capital Management LLC bought a new stake in Home Depot during the fourth quarter valued at about $3,693,000. King Luther Capital Management Corp increased its stake in shares of 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 period. Carnegie Investment Counsel lifted its position in shares of Home Depot by 24.8% during the 4th 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 during the last quarter. Savvy Advisors Inc. lifted its position in shares of Home Depot by 36.0% during the 4th 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 during the last quarter. Finally, Mariner LLC boosted its stake in Home Depot by 3.7% during the 3rd quarter. Mariner LLC now owns 1,136,584 shares of the home improvement retailer’s stock valued at $460,544,000 after purchasing an additional 40,693 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 1.0%

Home Depot stock opened at $348.60 on Friday. The business has a 50 day moving average price of $322.98 and a two-hundred day moving average price of $345.78. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a market cap of $347.60 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 4.03 and a beta of 0.97.

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 the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during 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%.Home Depot’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on HD. Evercore lowered their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Truist Financial reduced their price objective on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. TD Cowen lowered their price objective on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Guggenheim reaffirmed a “buy” rating and set a $425.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Finally, Gordon Haskett upped their target price on shares of Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.