Bradley Foster & Sargent Inc. CT Sells 4,938 Shares of The Home Depot, Inc. $HD

Bradley Foster & Sargent Inc. CT lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 2.4% in the 1st quarter, Holdings Channel reports. The firm owned 199,746 shares of the home improvement retailer’s stock after selling 4,938 shares during the period. Home Depot accounts for 1.0% of Bradley Foster & Sargent Inc. CT’s portfolio, making the stock its 27th biggest holding. Bradley Foster & Sargent Inc. CT’s holdings in Home Depot were worth $65,694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Parvin Asset Management LLC raised its position in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the last quarter. Advocate Investing Services LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $25,000. Key Capital Management INC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $28,000. Cache Advisors LLC bought a new stake in shares of Home Depot in the first quarter worth approximately $27,000. Finally, Imprint Wealth LLC bought a new stake in shares of Home Depot in the third quarter worth approximately $34,000. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Monday, July 20th. HSBC cut their target price on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. The Goldman Sachs Group decreased their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Bank of America assumed coverage on Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price target on the stock. Finally, Argus dropped their price target on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Performance

HD opened at $332.86 on Friday. The company’s 50 day moving average is $329.52 and its 200 day moving average is $344.73. 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 company has a market cap of $331.91 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 3.84 and a beta of 0.95. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS 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 business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the prior year, the company earned $3.56 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research 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 was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is presently 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.