Evanson Financial LLC Invests $537,000 in The Home Depot, Inc. $HD

Evanson Financial LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,522 shares of the home improvement retailer’s stock, valued at approximately $537,000.

A number of other hedge funds have also recently modified their holdings of HD. Norges Bank acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $4,850,329,000. Wellington Management Group LLP lifted its holdings in Home Depot by 60.8% in the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after acquiring an additional 3,836,051 shares during the last quarter. Cardano Risk Management B.V. lifted its holdings in Home Depot by 901.5% in the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after acquiring an additional 2,961,979 shares during the last quarter. Diamant Asset Management Inc. grew its position in Home Depot by 33,026.3% in the first quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock worth $770,269,000 after acquiring an additional 2,334,956 shares during the period. Finally, J. Stern & Co. LLP grew its position in Home Depot by 14,869.3% in the fourth quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after acquiring an additional 2,217,607 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.7%

Shares of NYSE HD opened at $355.41 on Friday. 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 business’s 50 day moving average is $335.75 and its two-hundred day moving average is $343.09. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The firm has a market cap of $354.39 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 4.03 and a beta of 0.95.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. 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 announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s payout ratio is currently 66.19%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent analyst reports. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group lowered their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Mizuho cut their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. BNP Paribas Exane reduced their price objective on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Finally, TD Cowen decreased their target price 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 given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.