Quadrant Capital Group LLC Cuts Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Quadrant Capital Group LLC cut its Home Depot stake by 20.1% in the fourth quarter, selling 7,859 shares and leaving it with 31,156 shares worth about $10.7 million.
• Wall Street sentiment remains constructive, with 19 Buy ratings, 12 Hold ratings, and 1 Sell rating; analysts’ consensus is a “Moderate Buy” with an average price target of $371.36.
• Home Depot reported quarterly earnings and revenue that beat expectations, and it also announced a $2.33 quarterly dividend payable June 18, implying a 2.8% annualized yield.

Quadrant Capital Group LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 20.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,156 shares of the home improvement retailer's stock after selling 7,859 shares during the period. Quadrant Capital Group LLC's holdings in Home Depot were worth $10,721,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HD. Curio Wealth LLC grew its holdings in Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock worth $76,000 after acquiring an additional 26 shares in the last quarter. Westfuller Advisors LLC grew its holdings in Home Depot by 2.1% during the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer's stock worth $456,000 after acquiring an additional 27 shares in the last quarter. Darwin Wealth Management LLC grew its holdings in Home Depot by 0.5% during the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer's stock worth $1,703,000 after acquiring an additional 27 shares in the last quarter. Alesco Advisors LLC grew its holdings in Home Depot by 3.2% during the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer's stock worth $298,000 after acquiring an additional 27 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida grew its holdings in Home Depot by 1.3% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer's stock worth $749,000 after acquiring an additional 27 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HD shares. Evercore decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Citigroup decreased their price target on shares of Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a report on Tuesday, May 12th. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a report on Wednesday, February 25th. Mizuho decreased their price target on shares of Home Depot from $415.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Finally, Truist Financial decreased their price target 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. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $371.36.

Home Depot Trading Up 0.7%

Shares of NYSE:HD opened at $328.37 on Friday. The company has a market cap of $327.42 billion, a PE ratio of 23.32, a P/E/G ratio of 3.76 and a beta of 0.97. The company's 50-day moving average price is $322.44 and its 200 day moving average price is $347.04. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot's payout ratio is 66.19%.

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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