Beacon Investment Advisory Services Inc. Has $3.32 Million Stake in The Home Depot, Inc. $HD

Key Points

• Beacon Investment Advisory Services cut its Home Depot stake by 78.3% in the second quarter, selling 33,998 shares and retaining 9,425 shares valued at approximately $3.32 million.
• Home Depot reported quarterly EPS of $3.43, slightly above estimates, while revenue rose 4.8% year over year to $41.77 billion. The company also maintains a quarterly dividend of $2.33, equivalent to a 2.6% annual yield.
• Analysts remain broadly positive, with 18 Buy, 13 Hold and one Sell rating; the consensus rating is “Moderate Buy” with an average price target of $371.71.

Beacon Investment Advisory Services Inc. reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 78.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,425 shares of the home improvement retailer's stock after selling 33,998 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Home Depot were worth $3,324,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gator Capital Management LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $3,693,000. King Luther Capital Management Corp raised its stake in Home Depot by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock valued at $426,848,000 after acquiring an additional 7,180 shares during the period. Carnegie Investment Counsel lifted its holdings in Home Depot by 24.8% during the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer's stock valued at $37,268,000 after purchasing an additional 21,545 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Home Depot by 320.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock valued at $3,886,000 after purchasing an additional 8,606 shares during the last quarter. Finally, Capital International Inc. CA boosted its position in Home Depot by 4.3% during the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer's stock worth $51,742,000 after purchasing an additional 6,187 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Up 1.7%

Shares of NYSE:HD opened at $355.41 on Friday. The company has a market capitalization of $354.39 billion, a P/E ratio of 25.24, a P/E/G ratio of 4.03 and a beta of 0.95. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. 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 business's 50 day simple moving average is $335.75 and its 200 day simple moving average is $343.09.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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 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 company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot's dividend payout ratio (DPR) is presently 66.19%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore dropped their price objective on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Royal Bank Of Canada reduced their target price on shares of Home Depot from $377.00 to $340.00 and set a "sector perform" rating for the company in a report on Wednesday, May 20th. Truist Financial reduced their target price on shares of Home Depot from $394.00 to $369.00 and set a "buy" rating for the company in a report on Tuesday, May 19th. UBS Group decreased their price target on shares of Home Depot from $450.00 to $430.00 and set a "buy" rating on the stock in a research note on Wednesday, May 20th. Finally, Mizuho lowered 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. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average 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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