Harbor Investment Advisory LLC Sells 2,698 Shares of The Home Depot, Inc. $HD

Harbor Investment Advisory LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 22.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,396 shares of the home improvement retailer’s stock after selling 2,698 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Home Depot were worth $3,314,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Advocate Investing Services LLC bought a new stake in Home Depot during the 4th quarter worth about $25,000. Parvin Asset Management LLC grew its holdings in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Cache Advisors LLC bought a new position in shares of Home Depot in the 1st quarter valued at about $27,000. Key Capital Management INC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot in the first quarter valued at about $28,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $348.63 on Wednesday. The firm has a 50-day moving average of $333.71 and a 200-day moving average of $343.39. 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 $347.63 billion, a PE ratio of 24.76, a P/E/G ratio of 3.93 and a beta of 0.95. 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 quarterly 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 net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the business earned $3.56 EPS. Home Depot’s quarterly revenue was up 4.8% on a year-over-year basis. 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 2.7%. 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

Several analysts recently issued reports on the company. Guggenheim reiterated a “buy” rating and set a $425.00 target price on shares of Home Depot in a report on Monday, July 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $346.00 price target on shares of Home Depot in a research report on Wednesday, May 20th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Gordon Haskett upped their price objective on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Finally, Wells Fargo & Company cut their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to 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.