The Home Depot, Inc. $HD Holdings Reduced by Tyche Wealth Partners LLC
by Teresa Graham · The Cerbat GemTyche Wealth Partners LLC decreased its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,594 shares of the home improvement retailer’s stock after selling 1,869 shares during the period. Home Depot makes up approximately 0.9% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 22nd largest position. Tyche Wealth Partners LLC’s holdings in Home Depot were worth $5,710,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parvin Asset Management LLC grew 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 purchasing an additional 33 shares during the last quarter. Financially Speaking Inc bought a new position in Home Depot in the 3rd quarter worth about $31,000. Imprint Wealth LLC bought a new position in Home Depot in the 3rd quarter worth about $34,000. Dougherty Wealth Advisers LLC bought a new position in Home Depot in the 3rd quarter worth about $38,000. Finally, AXS Investments LLC bought a new position in Home Depot in the 3rd quarter worth about $38,000. Institutional investors own 70.86% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on HD shares. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Truist Financial set a $424.00 target price on shares of Home Depot in a research report on Tuesday, February 24th. Guggenheim increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Sanford C. Bernstein increased their price objective on shares of Home Depot from $381.00 to $390.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Finally, Daiwa Securities Group increased their price objective on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $414.17.
Insiders Place Their Bets
In related news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.
Home Depot Trading Up 0.5%
Home Depot stock opened at $342.74 on Wednesday. The firm has a 50 day simple moving average of $354.91 and a 200-day simple moving average of $363.46. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The stock has a market capitalization of $341.38 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.73 and a beta of 1.09. The Home Depot, Inc. has a 12-month low of $315.31 and a 12-month high of $426.75.
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.
Home Depot Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $2.33 per share. The ex-dividend date was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s payout ratio is 65.50%.
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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