PYA Waltman Capital LLC Has $2.92 Million Stake in The Home Depot, Inc. $HD

PYA Waltman Capital LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 17.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,487 shares of the home improvement retailer’s stock after selling 1,848 shares during the period. Home Depot comprises about 0.8% of PYA Waltman Capital LLC’s portfolio, making the stock its 28th biggest holding. PYA Waltman Capital LLC’s holdings in Home Depot were worth $2,920,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after purchasing an additional 1,325,748 shares during the period. State Street Corp increased its holdings in shares of Home Depot by 1.8% in the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after purchasing an additional 825,164 shares during the period. Geode Capital Management LLC increased its holdings in shares of Home Depot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock valued at $8,151,344,000 after purchasing an additional 343,153 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Home Depot by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. Finally, Norges Bank acquired a new position in shares of Home Depot in the 4th quarter valued at about $4,850,329,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HD. JPMorgan Chase & Co. dropped their target price on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Daiwa Securities Group increased their price objective on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Robert W. Baird dropped their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Jefferies Financial Group dropped their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Finally, Telsey Advisory Group dropped their price objective on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Trading Down 0.0%

NYSE:HD opened at $328.37 on Monday. The stock’s 50 day moving average price is $322.44 and its 200 day moving average price is $347.12. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The company has a market capitalization of $327.42 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.79 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last announced 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 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 company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, 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 announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio 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.