Hilltop Holdings Inc. Lowers Stock Position in The Home Depot, Inc. $HD

Hilltop Holdings Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 70.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 11,232 shares of the home improvement retailer’s stock after selling 26,540 shares during the period. Hilltop Holdings Inc.’s holdings in Home Depot were worth $3,694,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after purchasing an additional 1,433 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Home Depot in the 2nd quarter valued at $1,773,000. Finally, Financial Advisors Network Inc. boosted its stake in Home Depot by 11.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HD. The Goldman Sachs Group dropped their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Truist Financial lowered their price target on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Jefferies Financial Group dropped their price objective on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, BNP Paribas Exane cut their price objective on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Up 2.5%

NYSE HD opened at $332.86 on Friday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 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. The business’s fifty day simple moving average is $329.52 and its 200-day simple moving average is $344.73. The firm has a market cap of $331.91 billion, a PE ratio of 23.64, a P/E/G ratio of 3.75 and a beta of 0.95.

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 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 firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the firm posted $3.56 earnings per share. 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. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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