Clear Trail Advisors LLC Sells 2,012 Shares of The Home Depot, Inc. $HD

Clear Trail Advisors LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,751 shares of the home improvement retailer’s stock after selling 2,012 shares during the period. Home Depot accounts for 1.4% of Clear Trail Advisors LLC’s portfolio, making the stock its 18th largest holding. Clear Trail Advisors LLC’s holdings in Home Depot were worth $9,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Curio Wealth LLC increased its holdings in shares of Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after acquiring an additional 26 shares during the last quarter. Alesco Advisors LLC raised its holdings in shares of Home Depot by 3.2% in the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock valued at $298,000 after buying an additional 27 shares during the last quarter. Canandaigua National Trust Co of Florida increased its holdings in shares of Home Depot by 1.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock valued at $749,000 after purchasing an additional 27 shares in the last quarter. Moneco Advisors LLC raised its position in shares of Home Depot by 0.3% during the fourth quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer’s stock worth $3,008,000 after acquiring an additional 27 shares during the last quarter. Finally, Noesis Capital Mangement Corp boosted its stake in Home Depot by 1.5% in the fourth quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer’s stock valued at $609,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $338.21 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $337.23 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.11 and a beta of 0.95. The business’s 50-day moving average price is $339.17 and its 200-day moving average price is $341.85.

Home Depot (NYSE:HD) last released its quarterly earnings results 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. 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 the consensus estimate of $41.59 billion. During the same quarter last year, the firm earned $3.56 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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 was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Trending Headlines about Home Depot

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

• Positive Sentiment: Analysts expect second-quarter sales and earnings growth, supported by continued momentum among professional customers (“Pros”) and gains in digital sales. Wells Fargo also raised its price target to $400, suggesting potential upside if Home Depot delivers a solid report. Home Depot to Post Q2 Earnings Wells Fargo Raises Home Depot Price Target
• Positive Sentiment: Home Depot’s long record of dividend payments may provide support for income-focused investors, while the bankruptcy filing of a smaller hardware rival could modestly reinforce the company’s scale and competitive position. Home Depot Dividend Streak Hardware Rival Files Chapter 11
• Neutral Sentiment: The company’s finance chief Richard McPhail and another senior executive will help manage operations during Decker’s absence. The arrangement limits immediate disruption, but investors may seek more clarity on the duration of the leave and its effect on strategy. Home Depot Executives Step Up During CEO Leave
• Negative Sentiment: Oppenheimer and other analysts caution that second-quarter results may show little evidence of a recovery. High interest rates, weak housing activity, margin pressure and rising fuel costs are weighing on renovation demand and retailer expenses. Home Depot and Lowe’s Results Face Macro Pressures
• Negative Sentiment: Several previews argue that HD may already be priced for a recovery, increasing the risk of a negative reaction if sales, margins or management guidance disappoint. Bernstein has maintained a Hold rating. Home Depot Q2 Earnings Preview Bernstein Maintains Hold Rating

Analyst Ratings Changes

HD has been the subject of a number of research reports. Piper Sandler lowered their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Morgan Stanley dropped their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. DA Davidson reaffirmed a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research report on Monday, July 27th. Truist Financial reduced their target price on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company raised their price objective on Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday. Eighteen investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $373.18.

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.