Pine Valley Investments Ltd Liability Co Has $10.07 Million Position in The Home Depot, Inc. $HD

Pine Valley Investments Ltd Liability Co reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 10.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 30,611 shares of the home improvement retailer’s stock after selling 3,680 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Home Depot were worth $10,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farmers National Bank grew its stake in shares of Home Depot by 2.5% during the first quarter. Farmers National Bank now owns 25,167 shares of the home improvement retailer’s stock worth $8,277,000 after purchasing an additional 622 shares during the period. Wealthquest Corp lifted its stake in Home Depot by 8.7% in the first quarter. Wealthquest Corp now owns 2,126 shares of the home improvement retailer’s stock valued at $699,000 after buying an additional 170 shares during the period. Blue Edge Capital LLC boosted its holdings in Home Depot by 0.4% during the first quarter. Blue Edge Capital LLC now owns 16,011 shares of the home improvement retailer’s stock worth $5,266,000 after buying an additional 67 shares during the last quarter. First Nebraska Trust Co bought a new position in Home Depot during the first quarter worth about $3,861,000. Finally, Financial Solutions Advisory Group Inc. bought a new position in Home Depot during the first quarter worth about $729,000. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Morgan Stanley decreased their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Jefferies Financial Group lowered their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, Evercore cut their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot News Roundup

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

• Positive Sentiment: Leadership realignment targets growth: Home Depot is combining its merchandising, customer experience and Pro-focused operations to create a more seamless customer experience and capture a larger share of the estimated $1.2 trillion home-improvement market. Management says the changes are intended to strengthen the core business, improve innovation and win more professional customers. The Home Depot Announces Organizational Realignment
• Positive Sentiment: Greater investment in digital advertising: Home Depot is reportedly among the major brands increasing advertising on ChatGPT as OpenAI expands its mobile advertising business. If effective, the channel could help the retailer reach consumers researching home projects and drive online sales. Brands Betting Bigger on ChatGPT Ads

Home Depot Price Performance

NYSE:HD opened at $332.72 on Monday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The stock’s 50-day simple moving average is $332.42 and its 200 day simple moving average is $343.86. The company has a market cap of $331.77 billion, a P/E ratio of 23.63, a P/E/G ratio of 3.83 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

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 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%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side 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. Stockholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is currently 66.19%.

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.