Segall Bryant & Hamill LLC Trims Stock Position in The Home Depot, Inc. $HD

Segall Bryant & Hamill LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,508 shares of the home improvement retailer’s stock after selling 1,588 shares during the period. Segall Bryant & Hamill LLC’s holdings in Home Depot were worth $20,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HD. Wellington Grp LLC lifted its holdings in shares of Home Depot by 19.7% in the 1st quarter. Wellington Grp LLC now owns 1,728 shares of the home improvement retailer’s stock valued at $568,000 after buying an additional 284 shares during the period. Montchanin Asset Management LLC acquired a new position in Home Depot in the first quarter valued at approximately $3,417,000. Compass Capital Management Inc. boosted its position in Home Depot by 1,286.2% in the 1st quarter. Compass Capital Management Inc. now owns 312,835 shares of the home improvement retailer’s stock worth $102,888,000 after purchasing an additional 290,267 shares in the last quarter. Vestor Capital LLC boosted its position in Home Depot by 2,348.5% in the 1st quarter. Vestor Capital LLC now owns 15,254 shares of the home improvement retailer’s stock worth $5,017,000 after purchasing an additional 14,631 shares in the last quarter. Finally, J. Derek Lewis & Associates Inc. grew its stake in shares of Home Depot by 3.0% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 4,335 shares of the home improvement retailer’s stock worth $1,426,000 after purchasing an additional 127 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HD shares. Morgan Stanley decreased their target price 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. BNP Paribas Exane dropped their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. DA Davidson reaffirmed a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a report on Monday, July 27th. Mizuho decreased their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Bank of America started coverage on shares of Home Depot in a research note on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price on the stock. Eighteen 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Trending Headlines about 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

Home Depot Price Performance

Shares of NYSE HD opened at $332.72 on Friday. 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 firm has a fifty day moving average of $332.42 and a 200 day moving average of $344.08. The firm has a market cap of $331.76 billion, a PE ratio of 23.63, a PEG ratio of 3.83 and a beta of 0.95. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for 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 was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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