The Home Depot, Inc. $HD Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,240,478 shares of the home improvement retailer’s stock after acquiring an additional 7,180 shares during the period. Home Depot makes up about 1.7% of King Luther Capital Management Corp’s holdings, making the stock its 12th largest position. King Luther Capital Management Corp’s holdings in Home Depot were worth $426,848,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Parvin Asset Management LLC boosted its stake in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Financially Speaking Inc bought a new position in shares of Home Depot during the 3rd quarter valued at about $31,000. Key Capital Management INC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $28,000. Imprint Wealth LLC acquired a new stake in Home Depot during the third quarter valued at approximately $34,000. Finally, Navalign LLC bought a new position in shares of Home Depot in the fourth quarter valued at $31,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.8%

Shares of HD opened at $310.56 on Wednesday. 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 company has a 50-day moving average price of $325.86 and a two-hundred day moving average price of $350.69. The stock has a market cap of $309.33 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 3.61 and a beta of 1.00. 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 issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The business 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%.Home Depot’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 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.02 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $2.33 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s dividend payout ratio is presently 66.19%.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. Truist Financial cut their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Morgan Stanley reduced their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Bank of America started coverage on shares of Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, UBS Group decreased their target price 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. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $371.39.

More Home Depot News

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

• Positive Sentiment: TD Cowen said Home Depot delivered solid execution in a challenging market, reinforcing the view that management is controlling what it can even as demand remains uneven. TD Cowen Says The Home Depot (HD) Delivered Solid Execution in Challenging Market
• Positive Sentiment: Analysts highlighted a bright spot in Home Depot’s earnings, pointing to a detail that suggests improving momentum in at least one part of the business and could support the company’s pro-oriented growth story. A Bright Spot in Home Depot’s Earnings
• Positive Sentiment: Home Depot’s sales recovery and the Mingledorff’s acquisition were cited as factors strengthening the company’s pro segment strategy and broader growth narrative. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story
• Neutral Sentiment: Shareholders approved governance charter amendments at the annual meeting, showing support for management but not directly changing the near-term earnings outlook. Home Depot Shareholders Approve Governance Charter Amendments
• Neutral Sentiment: Investors are still debating whether HD is attractively valued or a value trap, reflecting uncertainty around how quickly demand can improve. Home Depot stock: Wall Street says ‘buy,’ but this brutal math suggests it is a value trap
• Negative Sentiment: Connecticut lawmakers’ scrutiny of parking lot license plate readers adds another governance/privacy-related headline risk, contributing to pressure on the shares. Home Depot Stock (NYSE:HD) Slips as Connecticut Lawmakers Take a Hand in Parking Lot License Plate Readers
• Negative Sentiment: Broader commentary on cautious consumers, inflation, and debt pressure suggests the demand environment for big-ticket home improvement spending remains soft. The Careful Consumer: What Q1 Earnings Reveal—And Where Cracks May Appear (HD)

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

About Home Depot

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.