Socorro Asset Management LP Sells 2,972 Shares of The Home Depot, Inc. $HD

Socorro Asset Management LP cut its holdings in The Home Depot, Inc. (NYSE:HD) by 12.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,384 shares of the home improvement retailer’s stock after selling 2,972 shares during the quarter. Home Depot makes up 3.2% of Socorro Asset Management LP’s holdings, making the stock its 15th biggest holding. Socorro Asset Management LP’s holdings in Home Depot were worth $7,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Gator Capital Management LLC bought a new stake in shares of Home Depot in the fourth quarter worth $3,693,000. King Luther Capital Management Corp increased its stake in shares of Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after buying an additional 7,180 shares during the period. Carnegie Investment Counsel lifted its stake in shares of Home Depot by 24.8% in the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock worth $37,268,000 after acquiring an additional 21,545 shares during the period. Savvy Advisors Inc. boosted its holdings in Home Depot by 36.0% in the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after acquiring an additional 5,152 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in Home Depot by 320.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after purchasing an additional 8,606 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $335.43 on Tuesday. The stock has a market capitalization of $334.46 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 3.84 and a beta of 0.95. The company’s 50-day moving average is $330.23 and its 200-day moving average is $344.63. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75.

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 analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the company posted $3.56 EPS. The firm’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. Equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Argus dropped their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Piper Sandler lowered their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Citigroup dropped their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Evercore cut their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, Robert W. Baird lowered their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.