Resources Management Corp CT ADV Sells 17,387 Shares of The Home Depot, Inc. $HD

Resources Management Corp CT ADV decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 28.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,059 shares of the home improvement retailer’s stock after selling 17,387 shares during the quarter. Home Depot makes up 2.0% of Resources Management Corp CT ADV’s holdings, making the stock its 11th largest holding. Resources Management Corp CT ADV’s holdings in Home Depot were worth $15,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC grew its position in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of Home Depot during the 4th quarter worth $25,000. Key Capital Management INC bought a new position in shares of Home Depot during the 4th quarter worth $28,000. Imprint Wealth LLC bought a new position in shares of Home Depot during the 3rd quarter worth $34,000. Finally, Navalign LLC bought a new position in shares of Home Depot during the 4th quarter worth $31,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.0%

Shares of NYSE HD opened at $328.37 on Monday. 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 stock has a market capitalization of $327.42 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 3.79 and a beta of 0.97. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The business has a fifty day moving average price of $322.44 and a 200 day moving average price of $347.12.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date is 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 66.19%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Gordon Haskett increased their price target on Home Depot from $320.00 to $330.00 in a research report on Friday. Truist Financial dropped their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Oppenheimer dropped their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Finally, Mizuho decreased their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock 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.