Focused Investors LLC Has $68.25 Million Position in The Home Depot, Inc. $HD

Key Points

• Focused Investors LLC trimmed its Home Depot stake by 2.4% in the first quarter, selling 5,200 shares and leaving it with 207,500 shares valued at about $68.25 million.
• Home Depot reported quarterly earnings of $3.43 per share, topping estimates, while revenue rose 4.8% year over year to $41.77 billion. The company also reiterated FY 2026 EPS guidance of 14.690-15.278.
• Analyst sentiment remains constructive overall: the stock has a Moderate Buy consensus with a target price of $371.71, though several firms recently cut price targets amid concerns about softer demand and higher interest rates.

Focused Investors LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 207,500 shares of the home improvement retailer's stock after selling 5,200 shares during the quarter. Home Depot comprises 2.2% of Focused Investors LLC's holdings, making the stock its 21st largest holding. Focused Investors LLC's holdings in Home Depot were worth $68,245,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Curio Wealth LLC lifted its position in shares of Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock valued at $76,000 after acquiring an additional 26 shares during the period. Westfuller Advisors LLC grew its holdings in Home Depot by 2.1% in the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer's stock worth $456,000 after purchasing an additional 27 shares during the period. Darwin Wealth Management LLC increased its stake in 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 purchasing an additional 27 shares in the last quarter. Alesco Advisors LLC increased its stake in Home Depot by 3.2% in the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer's stock valued at $298,000 after purchasing an additional 27 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida raised 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 purchasing an additional 27 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

HD stock opened at $326.93 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 firm has a market cap of $325.98 billion, a PE ratio of 23.22, a P/E/G ratio of 3.86 and a beta of 0.97. The business has a 50 day moving average of $322.99 and a 200-day moving average of $346.12. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 the consensus estimate of $41.59 billion. During the same period in the prior year, the firm earned $3.56 EPS. The company's revenue 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 expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, June 4th. Home Depot's payout ratio is presently 66.19%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HD shares. HSBC cut their price target on Home Depot from $392.00 to $310.00 and set a "hold" rating on the stock in a report on Wednesday, May 20th. BNP Paribas Exane lowered their target price on Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 19th. Evercore cut their target price on Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. cut their target price on Home Depot from $423.00 to $396.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Finally, Wells Fargo & Company reduced their price target on shares of Home Depot from $375.00 to $360.00 and set an "overweight" rating for the company in a research report on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $371.71.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Several articles highlight Home Depot’s margin resilience, strong Pro business, and strategic expansion, suggesting the company may be able to offset a weak housing backdrop better than expected. Can Margin Strength Offset Demand Challenges at Home Depot?
• Positive Sentiment: Analysts and market commentators continue to frame HD as a resilient dividend and quality stock, with some pointing to improved investment appeal thanks to dividend consistency and stable profitability. How Dividend Consistency and Margin Resilience At Home Depot (HD) Have Changed Its Investment Story
• Positive Sentiment: Some recent commentary argues Home Depot could benefit from a residential recovery, especially if lower home prices eventually spur more renovation activity. Here is why The Home Depot, Inc. (HD) is among the Best Building Materials Stocks to Buy for the Residential Recovery
• Neutral Sentiment: Home Depot’s latest reported quarter beat expectations modestly, with revenue and EPS both slightly ahead of estimates, but growth remains modest versus last year.
• Neutral Sentiment: Several market pieces note that HD still looks resilient despite a muted home-improvement backdrop, but these articles mainly reinforce the current valuation and chart setup rather than introducing a new catalyst. Home Depot: A New Corporate Focus, But Familiar Valuation And Chart Stories
• Negative Sentiment: The main bearish theme is still soft demand: one article says Home Depot “still needs to do more,” implying the market wants clearer improvement in customer spending before re-rating the stock. Home Depot: Demand Still Needs To Do More
• Negative Sentiment: Higher interest rates remain a headwind for home-improvement retailers, and one report noted HD and Lowe’s fell after the Fed held rates steady, underscoring investor concern that housing-related spending may stay sluggish. Why Home Depot and Lowe's fell after the Fed held interest rates steady

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.

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