Dearborn Partners LLC Trims Position in The Home Depot, Inc. $HD

Dearborn Partners LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 30.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 75,645 shares of the home improvement retailer’s stock after selling 33,408 shares during the quarter. Dearborn Partners LLC’s holdings in Home Depot were worth $26,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Parvin Asset Management LLC grew its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Key Capital Management INC purchased a new position in shares of Home Depot during the fourth quarter worth about $28,000. Financially Speaking Inc purchased a new position in shares of Home Depot during the third quarter worth about $31,000. Navalign LLC purchased a new position in shares of Home Depot during the fourth quarter worth about $31,000. Finally, Disciplined Equity Management Inc. purchased a new position in shares of Home Depot during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.3%

Shares of HD opened at $310.73 on Friday. The firm has a market cap of $309.83 billion, a P/E ratio of 22.07, a P/E/G ratio of 3.59 and a beta of 0.97. The stock has a 50 day simple moving average of $322.95 and a two-hundred day simple moving average of $347.74. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 3.0%. Home Depot’s payout ratio is presently 66.19%.

Analyst Ratings Changes

Several brokerages have recently commented on HD. HSBC cut their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, May 20th. The Goldman Sachs Group cut their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Wolfe Research reaffirmed an “outperform” rating and issued a $365.00 target price on shares of Home Depot in a research note on Tuesday, May 19th. Daiwa Securities Group upped their target price on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, DA Davidson cut their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $371.36.

About Home Depot

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.