Capital Asset Advisory Services LLC Sells 7,787 Shares of The Home Depot, Inc. $HD

Capital Asset Advisory Services LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 32.1% in the first quarter, HoldingsChannel.com reports. The firm owned 16,466 shares of the home improvement retailer’s stock after selling 7,787 shares during the period. Capital Asset Advisory Services LLC’s holdings in Home Depot were worth $5,779,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Advocate Investing Services LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $25,000. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% during 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. Cache Advisors LLC acquired a new position in shares of Home Depot in the first quarter worth approximately $27,000. Key Capital Management INC acquired a new position in shares of Home Depot in the fourth quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot in the first quarter valued at approximately $28,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Bank of America started coverage on shares of Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective on the stock. Argus decreased their price objective on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 target price on shares of Home Depot in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company lowered their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

NYSE:HD opened at $357.73 on Friday. The company has a fifty day moving average of $323.60 and a 200-day moving average of $345.74. The firm has a market capitalization of $356.69 billion, a P/E ratio of 25.41, a P/E/G ratio of 4.05 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last issued its 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 business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts anticipate 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. Stockholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio is currently 66.19%.

Home Depot Profile

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.