6,354 Shares in The Home Depot, Inc. $HD Purchased by SG Trading Solutions LLC

SG Trading Solutions LLC acquired a new position in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,354 shares of the home improvement retailer’s stock, valued at approximately $2,186,000.

Several other large investors have also recently made changes to their positions in the business. Titan Investment Management LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $1,986,000. DiPaolo Financial Group Inc. purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $214,000. Nolet Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $338,000. Lynch Investment Planning LLC bought a new position in Home Depot during the 4th quarter valued at approximately $561,000. Finally, Floyd Financial Group LLC bought a new position in Home Depot during the 4th quarter valued at approximately $1,006,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on HD shares. Telsey Advisory Group dropped their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. DA Davidson lowered their price target on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research 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. Bank of America started coverage on shares of Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective on the stock. Finally, Wolfe Research restated an “outperform” rating and set a $365.00 price objective on shares of Home Depot in a research note on Tuesday, May 19th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Stock Performance

HD opened at $334.72 on Friday. The company’s 50 day moving average is $323.24 and its 200 day moving average is $346.39. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The company has a market cap of $333.75 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.86 and a beta of 0.97. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

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

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders 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 dividend yield of 2.8%. 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.