SVB Wealth LLC Sells 10,447 Shares of The Home Depot, Inc. $HD

SVB Wealth LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 22.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,412 shares of the home improvement retailer’s stock after selling 10,447 shares during the quarter. Home Depot makes up 0.8% of SVB Wealth LLC’s portfolio, making the stock its 27th largest position. SVB Wealth LLC’s holdings in Home Depot were worth $11,647,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Advocate Investing Services LLC bought a new stake in Home Depot during the 4th quarter worth about $25,000. Parvin Asset Management LLC raised its stake in shares of Home Depot by 110.0% in the third 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 last quarter. Key Capital Management INC bought a new position in shares of Home Depot in the fourth quarter worth about $28,000. Abound Financial LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $29,000. Finally, Osbon Capital Management LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $29,000. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. Truist Financial lowered their price target 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. Wolfe Research downgraded Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday. HSBC decreased their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group dropped their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research note on Wednesday, February 25th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Negative Sentiment: Wolfe Research downgraded Home Depot (HD) to Peer Perform, a move that pressured the stock and signaled more cautious expectations for the near term. Wolfe Research upgrades Target to Top Pick, downgrades Home Depot and Five Below
• Negative Sentiment: Another market note highlighted that Home Depot shares slipped after the downgrade, with investors also weighing softer housing-related demand and competitive pressure in home improvement retail. Home Depot Stock (NYSE:HD) Slips as Unlikely Dark Horse Steps Up

Home Depot Price Performance

Shares of HD stock opened at $324.82 on Wednesday. The firm’s 50 day moving average price is $322.74 and its two-hundred day moving average price is $345.89. 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 Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock has a market cap of $323.88 billion, a PE ratio of 23.07, a PEG ratio of 3.77 and a beta of 0.97.

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

Home Depot Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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.