Summit Global Investments Has $2.26 Million Stock Holdings in The Home Depot, Inc. $HD

Summit Global Investments reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 20.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,869 shares of the home improvement retailer’s stock after selling 1,807 shares during the period. Summit Global Investments’ holdings in Home Depot were worth $2,259,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Gator Capital Management LLC acquired a new stake in Home Depot during the fourth quarter worth about $3,693,000. King Luther Capital Management Corp grew its holdings in shares of Home Depot by 0.6% during the 4th 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 in the last quarter. Carnegie Investment Counsel increased its position in shares of Home Depot by 24.8% during the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after purchasing an additional 21,545 shares during the period. Savvy Advisors Inc. lifted its position in Home Depot by 36.0% in the fourth 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 period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Home Depot by 320.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after buying an additional 8,606 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HD shares. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Mizuho decreased their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Telsey Advisory Group dropped their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Piper Sandler decreased their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Evercore lowered their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Down 1.7%

Shares of NYSE:HD opened at $332.96 on Tuesday. 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 firm has a market cap of $332.01 billion, a P/E ratio of 23.65, a P/E/G ratio of 3.91 and a beta of 0.95. The company’s 50-day moving average price is $327.39 and its two-hundred day moving average price is $345.13. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the business 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. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) 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.