The Home Depot, Inc. $HD Stock Holdings Decreased by Diversified Management Inc.

Key Points

• Diversified Management Inc. cut its Home Depot stake by 69.1% in the second quarter, selling 5,028 shares and retaining 2,250 shares valued at approximately $793,000. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with 18 Buy, 13 Hold, and one Sell rating. Home Depot has an average “Moderate Buy” rating and a consensus price target of $373.14.
• Home Depot exceeded quarterly expectations, reporting $3.43 in EPS and $41.77 billion in revenue, up 4.8% year over year. The company also declared a quarterly dividend of $2.33 per share, equivalent to a 2.6% annualized yield.

Diversified Management Inc. lowered its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 69.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the home improvement retailer's stock after selling 5,028 shares during the quarter. Diversified Management Inc.'s holdings in Home Depot were worth $793,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Curio Wealth LLC boosted its position in shares of Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock worth $76,000 after buying an additional 26 shares during the period. Alesco Advisors LLC raised its position in 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 period. Canandaigua National Trust Co of Florida lifted its stake in Home Depot by 1.3% in 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. Moneco Advisors LLC lifted its stake in Home Depot by 0.3% in the 4th quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer's stock worth $3,008,000 after acquiring an additional 27 shares in the last quarter. Finally, Noesis Capital Mangement Corp boosted its stake in shares of Home Depot by 1.5% during the 4th quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer's stock valued at $609,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Evercore decreased their price target on Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Wolfe Research downgraded shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Wells Fargo & Company boosted their target price on shares of Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday. Royal Bank Of Canada cut 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 research note on Wednesday, May 20th. Finally, Telsey Advisory Group reduced their price target on shares of Home Depot from $435.00 to $410.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $373.14.

Home Depot Price Performance

Shares of HD stock opened at $353.65 on Wednesday. The stock has a 50 day moving average of $337.39 and a two-hundred day moving average of $342.43. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a market capitalization of $352.63 billion, a P/E ratio of 25.12, a P/E/G ratio of 4.05 and a beta of 0.95.

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, topping the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was 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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