Spartan Wealth Advisory Services LLC Takes $940,000 Position in The Home Depot, Inc. $HD

Spartan Wealth Advisory Services LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,858 shares of the home improvement retailer’s stock, valued at approximately $940,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Arjuna Capital grew its position in shares of Home Depot by 1.2% during the first quarter. Arjuna Capital now owns 19,379 shares of the home improvement retailer’s stock worth $6,374,000 after buying an additional 226 shares in the last quarter. WealthTrust Asset Management LLC raised its holdings in Home Depot by 15.9% in the first quarter. WealthTrust Asset Management LLC now owns 730 shares of the home improvement retailer’s stock valued at $240,000 after acquiring an additional 100 shares in the last quarter. Tandem Wealth Advisors LLC raised its holdings in Home Depot by 12.8% in the first quarter. Tandem Wealth Advisors LLC now owns 1,181 shares of the home improvement retailer’s stock valued at $388,000 after acquiring an additional 134 shares in the last quarter. ANB Bank boosted its stake in Home Depot by 2.3% during the 1st quarter. ANB Bank now owns 8,170 shares of the home improvement retailer’s stock valued at $2,687,000 after acquiring an additional 183 shares during the last quarter. Finally, Ascent Wealth Partners LLC boosted its stake in Home Depot by 1.7% during the 1st quarter. Ascent Wealth Partners LLC now owns 26,560 shares of the home improvement retailer’s stock valued at $8,735,000 after acquiring an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HD shares. Stifel Nicolaus dropped their target price on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Gordon Haskett increased their price target on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Robert W. Baird decreased their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Guggenheim reissued a “buy” rating on shares of Home Depot in a report on Monday, June 29th. Finally, Mizuho cut their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Trading Up 0.1%

Home Depot stock opened at $339.22 on Monday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm’s 50-day moving average is $326.96 and its 200-day moving average is $345.22. 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 company has a market cap of $338.24 billion, a P/E ratio of 24.09, a PEG ratio of 3.91 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is 66.19%.

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.