The Home Depot, Inc. $HD Shares Sold by Orange Investment Advisors Inc.

by · The Markets Daily

Orange Investment Advisors Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,390 shares of the home improvement retailer’s stock after selling 2,965 shares during the period. Orange Investment Advisors Inc.’s holdings in Home Depot were worth $4,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Advocate Investing Services LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC acquired a new position in Home Depot during the 1st quarter worth $27,000. Key Capital Management INC bought a new position in shares of Home Depot in the fourth quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Home Depot in the first quarter worth $28,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.5%

Home Depot stock opened at $350.54 on Tuesday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company’s fifty day moving average price is $323.25 and its two-hundred day moving average price is $345.79. The company has a market capitalization of $349.53 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 4.03 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

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

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HD. The Goldman Sachs Group cut their price objective on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. JPMorgan Chase & Co. decreased their target price on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Mizuho decreased their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Oppenheimer dropped their price target on 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. Finally, UBS Group cut their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

Check Out Our Latest Stock Analysis on Home Depot

About Home Depot

(Free Report)

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.

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