23,542 Shares in The Home Depot, Inc. $HD Acquired by MidFirst Bank

Key Points

• MidFirst Bank bought a new stake in Home Depot during the fourth quarter, acquiring 23,542 shares valued at about $8.1 million.
• Home Depot recently reported better-than-expected quarterly results, with EPS of $3.43 versus $3.41 expected and revenue of $41.77 billion, up 4.8% year over year.
• The company also paid a $2.33 quarterly dividend and now offers an annualized yield of about 2.8%; analysts currently view the stock as a Moderate Buy with a consensus price target of $371.71.

MidFirst Bank purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,542 shares of the home improvement retailer's stock, valued at approximately $8,101,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. Curio Wealth LLC raised its position in shares of Home Depot by 13.5% during the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock worth $76,000 after purchasing an additional 26 shares during the period. Westfuller Advisors LLC raised its holdings in Home Depot by 2.1% during the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer's stock worth $456,000 after buying an additional 27 shares during the last quarter. Darwin Wealth Management LLC lifted its stake in shares of Home Depot by 0.5% in the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer's stock valued at $1,703,000 after buying an additional 27 shares in the last quarter. Alesco Advisors LLC grew its holdings in shares of Home Depot by 3.2% during 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. Finally, Canandaigua National Trust Co of Florida grew its holdings in shares of Home Depot by 1.3% during 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 buying an additional 27 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Home Depot stock opened at $334.72 on Friday. The stock has a market cap of $333.75 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.86 and a beta of 0.97. 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 has a 50-day simple moving average of $323.24 and a 200 day simple moving average of $346.39. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion for 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 company's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot's dividend payout ratio (DPR) is currently 66.19%.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, June 9th. Gordon Haskett boosted their price objective on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Argus lowered their price objective on Home Depot from $425.00 to $400.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Bank of America started coverage on Home Depot in a report on Tuesday, May 5th. They issued a "buy" rating and a $374.00 target price on the stock. Finally, Robert W. Baird decreased their price target on Home Depot from $430.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Nineteen equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $371.71.

Home Depot 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.

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