Westerkirk Capital Inc. Increases Stock Position in The Home Depot, Inc. $HD

Westerkirk Capital Inc. increased its position in The Home Depot, Inc. (NYSE:HD) by 36.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,308 shares of the home improvement retailer’s stock after buying an additional 1,948 shares during the quarter. Westerkirk Capital Inc.’s holdings in Home Depot were worth $2,515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parvin Asset Management LLC boosted its stake in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Key Capital Management INC acquired a new stake in Home Depot in the fourth quarter valued at $28,000. Financially Speaking Inc acquired a new stake in Home Depot in the third quarter valued at $31,000. Navalign LLC acquired a new stake in Home Depot in the fourth quarter valued at $31,000. Finally, Disciplined Equity Management Inc. acquired a new stake in Home Depot in the fourth quarter valued at $34,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.3%

HD stock opened at $309.97 on Tuesday. 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 Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm’s 50-day simple moving average is $322.58 and its 200 day simple moving average is $347.48. The stock has a market cap of $309.08 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.59 and a beta of 0.97.

Home Depot (NYSE:HD) last released 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. 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 analysts’ expectations of $41.59 billion. During the same quarter last year, the company earned $3.56 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HD shares. Mizuho cut their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Citigroup cut their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Bank of America started coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price target on the stock. Gordon Haskett cut their price target on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Finally, Wolfe Research reissued an “outperform” rating and set a $365.00 target price on shares of Home Depot in a report on Tuesday, May 19th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently 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.