Sapient Capital LLC Has $5.33 Million Stock Position in The Home Depot, Inc. $HD

Key Points

• Sapient Capital reduced its Home Depot stake by 76.8% in the second quarter, selling 50,027 shares and retaining 15,099 shares valued at approximately $5.33 million. Institutional investors collectively own 70.86% of HD.
• Analyst sentiment remains generally positive, with 18 Buy, 13 Hold, and one Sell rating. Home Depot has a “Moderate Buy” consensus and an average price target of $371.71, despite several analysts lowering their targets.
• Home Depot exceeded quarterly expectations with $3.43 in EPS and $41.77 billion in revenue, up 4.8% year over year. The company also pays a quarterly dividend of $2.33 per share, yielding about 2.6% annually.

Sapient Capital LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 76.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,099 shares of the home improvement retailer's stock after selling 50,027 shares during the period. Sapient Capital LLC's holdings in Home Depot were worth $5,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Advocate Investing Services LLC purchased a new position in Home Depot during the 4th quarter worth $25,000. Parvin Asset Management LLC raised its holdings 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 last quarter. Cache Advisors LLC purchased a new stake in shares of Home Depot in the first quarter valued at about $27,000. Key Capital Management INC bought a new position in shares of Home Depot during the fourth quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Home Depot during the first quarter worth about $28,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Truist Financial decreased their price objective on shares of Home Depot from $394.00 to $369.00 and set a "buy" rating for the company in a research note on Tuesday, May 19th. Wall Street Zen raised Home Depot from a "sell" rating to a "hold" rating in a report on Tuesday, June 2nd. HSBC decreased their price target on Home Depot from $392.00 to $310.00 and set a "hold" rating for the company in a research report on Wednesday, May 20th. Telsey Advisory Group cut their price objective on Home Depot from $435.00 to $410.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Finally, TD Cowen reduced their price objective on Home Depot from $450.00 to $375.00 and set a "buy" rating for the company in a research note on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average price target of $371.71.

Home Depot Trading Down 0.1%

Shares of HD opened at $355.41 on Monday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a market cap of $354.39 billion, a PE ratio of 25.24, a P/E/G ratio of 4.11 and a beta of 0.95. 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's 50-day moving average price is $335.75 and its 200-day moving average price is $342.82.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to analysts' expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

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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