Diversified Management Inc. Sells 5,028 Shares of The Home Depot, Inc. $HD

Diversified Management Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 69.1% in the second quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Gator Capital Management LLC acquired a new position in Home Depot in the fourth quarter worth $3,693,000. King Luther Capital Management Corp grew its holdings in shares of Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after purchasing an additional 7,180 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock valued at $3,886,000 after buying an additional 8,606 shares in the last quarter. Capital International Inc. CA increased its stake in shares of Home Depot by 4.3% in the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer’s stock valued at $51,742,000 after buying an additional 6,187 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in shares of Home Depot by 72.1% in the fourth quarter. Vise Technologies Inc. now owns 42,335 shares of the home improvement retailer’s stock valued at $14,568,000 after buying an additional 17,731 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.8%

Shares of HD opened at $353.65 on Wednesday. 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 Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The firm has a market capitalization of $352.63 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 4.05 and a beta of 0.95. The stock’s fifty day simple moving average is $337.39 and its 200-day simple moving average is $342.43.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion during 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%.The company’s revenue was up 4.8% on a year-over-year basis. 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. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid 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 of this dividend was Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

Analyst Ratings Changes

Several research analysts recently issued reports on HD shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $346.00 price target on shares of Home Depot in a research report on Wednesday, May 20th. Stifel Nicolaus lowered their price objective on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Mizuho dropped their target price on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Robert W. Baird reduced their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, Argus decreased their price target on shares of 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 company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $373.14.

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.