Rathbones Group PLC Decreases Holdings in The Home Depot, Inc. $HD

Rathbones Group PLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 602,998 shares of the home improvement retailer’s stock after selling 13,653 shares during the period. Rathbones Group PLC’s holdings in Home Depot were worth $198,320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Gator Capital Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $3,693,000. King Luther Capital Management Corp boosted its stake in shares of Home Depot by 0.6% during 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 buying an additional 7,180 shares during the period. Carnegie Investment Counsel grew its holdings 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 worth $37,268,000 after buying an additional 21,545 shares during the last quarter. Savvy Advisors Inc. grew its holdings in shares of Home Depot by 36.0% during the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock worth $6,703,000 after buying an additional 5,152 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in Home Depot by 320.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock valued at $3,886,000 after acquiring an additional 8,606 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE HD opened at $332.72 on Monday. The business has a 50 day moving average price of $332.42 and a 200 day moving average price of $343.86. The company has a market capitalization of $331.77 billion, a P/E ratio of 23.63, a PEG ratio of 3.83 and a beta of 0.95. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s payout ratio is currently 66.19%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HD. UBS Group decreased their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Piper Sandler decreased their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Wells Fargo & Company decreased their price target on Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, 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 report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $371.71.

Home Depot News Summary

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 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.