Forum Financial Management LP Sells 4,369 Shares of The Home Depot, Inc. $HD

Forum Financial Management LP decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 26.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,456 shares of the home improvement retailer’s stock after selling 4,369 shares during the quarter. Forum Financial Management LP’s holdings in Home Depot were worth $4,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Drucker Wealth 3.0 LLC boosted its holdings in shares of Home Depot by 0.8% in the 1st quarter. Drucker Wealth 3.0 LLC now owns 7,322 shares of the home improvement retailer’s stock valued at $2,408,000 after buying an additional 60 shares during the last quarter. Brown Miller Wealth Management LLC increased its holdings in Home Depot by 2.9% during the first quarter. Brown Miller Wealth Management LLC now owns 1,962 shares of the home improvement retailer’s stock worth $645,000 after buying an additional 56 shares during the last quarter. EWA LLC increased its holdings in Home Depot by 14.7% during the first quarter. EWA LLC now owns 1,645 shares of the home improvement retailer’s stock worth $541,000 after buying an additional 211 shares during the last quarter. Simmons Bank raised its position in Home Depot by 0.8% during the first quarter. Simmons Bank now owns 26,658 shares of the home improvement retailer’s stock worth $8,768,000 after acquiring an additional 201 shares in the last quarter. Finally, Investment Planning Advisors Inc. raised its position in Home Depot by 32.9% during the first quarter. Investment Planning Advisors Inc. now owns 1,031 shares of the home improvement retailer’s stock worth $339,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $352.57 on Wednesday. The firm has a 50-day moving average of $323.32 and a 200-day moving average of $345.80. 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 stock has a market cap of $351.55 billion, a PE ratio of 25.04, a P/E/G ratio of 4.05 and a beta of 0.97. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week 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, topping 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 business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm posted $3.56 EPS. Home Depot’s revenue 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. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HD. Robert W. Baird decreased their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Jefferies Financial Group dropped their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Bank of America began coverage on shares of Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Oppenheimer lowered their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

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.