Gator Capital Management LLC Purchases New Holdings in The Home Depot, Inc. $HD

Gator Capital Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,732 shares of the home improvement retailer’s stock, valued at approximately $3,693,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Norges Bank purchased a new position in Home Depot in the 4th quarter valued at about $4,850,329,000. Wellington Management Group LLP raised its holdings in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after acquiring an additional 3,836,051 shares during the last quarter. Parnassus Investments LLC raised its holdings in Home Depot by 712.3% in the 4th quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock valued at $715,913,000 after acquiring an additional 1,824,409 shares during the last quarter. Vanguard Group Inc. raised its holdings in Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after acquiring an additional 1,325,748 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Home Depot by 37.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after acquiring an additional 1,040,577 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.7%

Home Depot stock opened at $328.37 on Friday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. 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 50 day moving average price of $322.44 and a 200 day moving average price of $347.04. The company has a market capitalization of $327.42 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.76 and a beta of 0.97.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. Argus cut their price objective 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. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. DA Davidson cut their price target on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Royal Bank Of Canada reduced their price target on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 20th. Finally, Bank of America began coverage on shares of Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price target on the stock. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $371.36.

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.