The Home Depot, Inc. $HD Shares Sold by Cim LLC

Cim LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 32.1% during the first quarter, Holdings Channel.com reports. The firm owned 4,503 shares of the home improvement retailer’s stock after selling 2,128 shares during the period. Cim LLC’s holdings in Home Depot were worth $1,481,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Curio Wealth LLC raised its position in shares of Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after buying an additional 26 shares during the last quarter. Westfuller Advisors LLC boosted its position in Home Depot by 2.1% during the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after acquiring an additional 27 shares during the last quarter. Darwin Wealth Management LLC grew its stake in Home Depot by 0.5% in the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after acquiring an additional 27 shares during the period. Alesco Advisors LLC grew its stake in Home Depot by 3.2% in the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after acquiring an additional 27 shares during the period. Finally, Canandaigua National Trust Co of Florida raised its holdings in Home Depot by 1.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock valued at $749,000 after acquiring an additional 27 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Key Home Depot News

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

• Positive Sentiment: Analyst support: DA Davidson reiterated its Buy rating, reinforcing the view that Home Depot’s long-term housing and professional-customer opportunity remains attractive. DA Davidson Reiterates Buy Rating for Home Depot
• Positive Sentiment: Dividend appeal: An article highlighted Home Depot’s ability to generate substantial annual dividend income, supporting the stock’s defensive appeal for income-oriented investors despite limited recent capital gains. Home Depot Dividend Analysis
• Positive Sentiment: Community investment: Home Depot announced a renovation initiative involving Boys & Girls Clubs, adding to its brand and community-engagement efforts, although the direct financial impact is likely limited. Home Depot Boys & Girls Clubs Renovation Plan
• Neutral Sentiment: Mixed trading signals: Options activity showed increased call positioning ahead of mid-August earnings, while investors rotated toward defensive stocks amid technology-sector weakness. However, recent insider activity consisted of sales rather than purchases, creating a mixed signal. Home Depot Options and Defensive Rotation
• Negative Sentiment: Housing-related concerns: Commentary pointed to Home Depot’s high leverage and relatively thin equity cushion as risks if housing activity, remodeling demand or consumer spending weaken. This adds pressure to a stock already sensitive to mortgage rates and the housing cycle. Home Depot Housing and Leverage Risks
• Negative Sentiment: Market pressure: Home Depot underperformed as a broader semiconductor-led sell-off and risk reduction weighed on equities, encouraging investors to reassess cyclical consumer and housing-sensitive companies. Home Depot Market Performance

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank Of Canada reduced their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 20th. Mizuho lowered their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Argus dropped their target price on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Citigroup reduced their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company decreased their price target on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Eighteen 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

NYSE:HD opened at $338.39 on Thursday. The company has a market cap of $337.41 billion, a P/E ratio of 24.03, a P/E/G ratio of 3.98 and a beta of 0.95. The firm’s 50 day moving average is $331.63 and its two-hundred day moving average is $344.45. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

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.