Elevation Point Wealth Partners LLC Purchases 102,083 Shares of The Home Depot, Inc. $HD

Elevation Point Wealth Partners LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 489.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 122,947 shares of the home improvement retailer’s stock after purchasing an additional 102,083 shares during the period. Home Depot comprises approximately 0.9% of Elevation Point Wealth Partners LLC’s investment portfolio, making the stock its 14th largest position. Elevation Point Wealth Partners LLC’s holdings in Home Depot were worth $40,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Advocate Investing Services LLC bought a new stake in Home Depot in the fourth quarter worth $25,000. Parvin Asset Management LLC increased its holdings in shares of 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 buying an additional 33 shares during the period. Cache Advisors LLC purchased a new position in shares of Home Depot in the first quarter worth about $27,000. Key Capital Management INC bought a new stake in shares of Home Depot in the 4th quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Home Depot in the 1st quarter valued at about $28,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of Home Depot stock opened at $357.73 on Friday. The business has a 50 day moving average of $323.97 and a 200 day moving average of $345.83. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The company has a market cap of $356.69 billion, a PE ratio of 25.41, a P/E/G ratio of 4.13 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the firm earned $3.56 EPS. The company’s quarterly revenue 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. As a group, equities research 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 declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. Home Depot’s payout ratio is currently 66.19%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Jefferies Financial Group decreased their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Telsey Advisory Group cut their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Wolfe Research lowered shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Argus dropped their price target on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Gordon Haskett raised their price target on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Eighteen equities 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

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.