Gateway Wealth Partners LLC Purchases 6,447 Shares of The Home Depot, Inc. $HD

Gateway Wealth Partners LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 251.2% in the first quarter, HoldingsChannel.com reports. The firm owned 9,013 shares of the home improvement retailer’s stock after acquiring an additional 6,447 shares during the period. Gateway Wealth Partners LLC’s holdings in Home Depot were worth $2,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Parvin Asset Management LLC lifted its holdings in shares of Home Depot by 110.0% during the 3rd 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 period. Advocate Investing Services LLC bought a new stake in Home Depot in the fourth quarter valued at about $25,000. Key Capital Management INC acquired a new position in Home Depot in the fourth quarter worth about $28,000. Cache Advisors LLC acquired a new position in Home Depot in the first quarter worth about $27,000. Finally, Imprint Wealth LLC bought a new position in Home Depot during the third quarter worth about $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.7%

Shares of NYSE HD opened at $335.43 on Tuesday. The firm’s 50-day simple moving average is $330.23 and its 200 day simple moving average is $344.63. The company has a market cap of $334.46 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 3.84 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 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 analysts’ expectations of $41.59 billion. During the same quarter last year, the company posted $3.56 EPS. The company’s quarterly 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, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Argus lowered their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. TD Cowen cut their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. HSBC decreased their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research note on Wednesday, May 20th. Royal Bank Of Canada lowered their price target on 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, Morgan Stanley dropped their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Company 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.