Canal Capital Management LLC Acquires 2,528 Shares of The Home Depot, Inc. $HD

Canal Capital Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 14.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,694 shares of the home improvement retailer’s stock after acquiring an additional 2,528 shares during the period. Canal Capital Management LLC’s holdings in Home Depot were worth $6,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Dallas Securities Inc. raised its stake in Home Depot by 6.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,989 shares of the home improvement retailer’s stock valued at $3,943,000 after purchasing an additional 775 shares during the last quarter. 4WEALTH Advisors Inc. grew its position in Home Depot by 7.8% in the 1st quarter. 4WEALTH Advisors Inc. now owns 2,168 shares of the home improvement retailer’s stock worth $701,000 after purchasing an additional 157 shares during the last quarter. Argos Wealth Advisors LLC increased its holdings in shares of Home Depot by 3.0% during the 1st quarter. Argos Wealth Advisors LLC now owns 1,070 shares of the home improvement retailer’s stock worth $352,000 after purchasing an additional 31 shares during the period. Turtle Creek Wealth Advisors LLC increased its holdings in shares of Home Depot by 1.1% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 30,889 shares of the home improvement retailer’s stock worth $10,159,000 after purchasing an additional 342 shares during the period. Finally, Sierra Summit Advisors LLC raised its position in shares of Home Depot by 6.2% during the first quarter. Sierra Summit Advisors LLC now owns 6,014 shares of the home improvement retailer’s stock valued at $1,978,000 after buying an additional 352 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HD shares. Evercore reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Sanford C. Bernstein restated a “market perform” rating and set a $346.00 price target on shares of Home Depot in a research note on Wednesday, May 20th. JPMorgan Chase & Co. cut their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. BNP Paribas Exane reduced their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Finally, Guggenheim reissued a “buy” rating on shares of Home Depot in a report on Monday. Eighteen equities research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

Shares of Home Depot stock opened at $357.73 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The stock’s fifty day simple moving average is $323.97 and its 200 day simple moving average is $345.83. The company has a market capitalization of $356.69 billion, a PE ratio of 25.41, a PEG ratio of 4.13 and a beta of 0.95. 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 released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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.