Financial Solutions Advisory Group Inc. Buys New Shares in The Home Depot, Inc. $HD

Financial Solutions Advisory Group Inc. bought a new position in shares of The Home Depot, Inc. (NYSE:HD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,216 shares of the home improvement retailer’s stock, valued at approximately $729,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Curio Wealth LLC lifted its position in shares of Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after acquiring an additional 26 shares during the last quarter. Westfuller Advisors LLC grew its holdings in shares of Home Depot by 2.1% in the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after acquiring an additional 27 shares during the last quarter. Darwin Wealth Management LLC grew its holdings in shares of Home Depot by 0.5% in the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after acquiring an additional 27 shares during the last quarter. Alesco Advisors LLC raised its position in shares of Home Depot by 3.2% during the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after purchasing an additional 27 shares during the period. Finally, Canandaigua National Trust Co of Florida raised its position in shares of Home Depot by 1.3% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Evercore reduced their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Wells Fargo & Company dropped their price target on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Jefferies Financial Group cut 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. DA Davidson reaffirmed a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research note on Monday, July 27th. Finally, Argus decreased their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, May 21st. 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, the company has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Price Performance

HD opened at $332.72 on Friday. The stock has a fifty day moving average of $332.42 and a 200-day moving average of $344.08. The firm 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 12-month low of $289.10 and a 12-month high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its 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. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter last year, the firm posted $3.56 earnings per share. Home Depot’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Key Headlines Impacting Home Depot

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

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.