KMG Fiduciary Partners LLC Buys 5,678 Shares of The Home Depot, Inc. $HD

KMG Fiduciary Partners LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 90.0% in the second quarter, HoldingsChannel reports. The firm owned 11,985 shares of the home improvement retailer’s stock after acquiring an additional 5,678 shares during the period. KMG Fiduciary Partners LLC’s holdings in Home Depot were worth $4,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HD. Gator Capital Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $3,693,000. King Luther Capital Management Corp lifted its stake in shares of Home Depot by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after purchasing an additional 7,180 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after buying an additional 8,606 shares during the last quarter. Capital International Inc. CA boosted its holdings in shares of Home Depot by 4.3% in the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer’s stock worth $51,742,000 after buying an additional 6,187 shares during the last quarter. Finally, Vise Technologies Inc. grew its position in Home Depot by 72.1% during the fourth quarter. Vise Technologies Inc. now owns 42,335 shares of the home improvement retailer’s stock valued at $14,568,000 after buying an additional 17,731 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the subject of a number of research reports. Truist Financial reduced their target price on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Oppenheimer dropped their price target on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research note on Monday, May 18th. UBS Group cut their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. TD Cowen restated a “buy” rating on shares of Home Depot in a research note on Monday. Finally, Wells Fargo & Company lowered their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Eighteen 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, the company has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

NYSE:HD opened at $350.23 on Tuesday. The stock has a 50-day moving average price of $336.54 and a 200 day moving average price of $342.65. The stock has a market capitalization of $349.22 billion, a P/E ratio of 24.87, a P/E/G ratio of 4.11 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 current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 the consensus estimate of $41.59 billion. During the same period in the prior year, the company posted $3.56 EPS. The firm’s revenue for the quarter 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 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 was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is currently 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.