Resources Management Corp CT ADV Decreases Stock Position in The Home Depot, Inc. $HD

Resources Management Corp CT ADV cut its holdings in The Home Depot, Inc. (NYSE:HD) by 28.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,059 shares of the home improvement retailer’s stock after selling 17,387 shares during the quarter. Home Depot comprises 2.0% of Resources Management Corp CT ADV’s holdings, making the stock its 11th largest position. Resources Management Corp CT ADV’s holdings in Home Depot were worth $15,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Home Depot by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after buying an additional 1,325,748 shares during the last quarter. State Street Corp raised its stake in Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after buying an additional 825,164 shares during the last quarter. Geode Capital Management LLC raised its stake in Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock valued at $8,151,344,000 after buying an additional 343,153 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Home Depot by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after buying an additional 1,113,114 shares during the last quarter. Finally, Norges Bank purchased a new stake in Home Depot in the fourth quarter valued at about $4,850,329,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.0%

Shares of NYSE:HD opened at $328.37 on Monday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock has a market cap of $327.42 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.79 and a beta of 0.97. 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 has a 50-day moving average price of $322.44 and a 200-day moving average price of $347.12.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The firm 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 period last year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Stifel Nicolaus reduced their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Truist Financial reduced their price objective on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Jefferies Financial Group reduced their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, Wolfe Research restated an “outperform” rating and issued a $365.00 price objective on shares of Home Depot in a research note on Tuesday, May 19th. Nineteen investment 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. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average 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.