Cypress Wealth Services LLC Raises Holdings in The Home Depot, Inc. $HD

Cypress Wealth Services LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 107.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,556 shares of the home improvement retailer’s stock after acquiring an additional 1,844 shares during the quarter. Cypress Wealth Services LLC’s holdings in Home Depot were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Parvin Asset Management LLC boosted its stake in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Sagard Holdings Management Inc. purchased a new position in shares of Home Depot in the second quarter worth $29,000. Financially Speaking Inc bought a new stake in Home Depot during the 3rd quarter valued at $31,000. Disciplined Equity Management Inc. bought a new stake in Home Depot during the 4th quarter valued at $34,000. Finally, Imprint Wealth LLC purchased a new stake in Home Depot during the 3rd quarter valued at $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.0%

Shares of Home Depot stock opened at $321.54 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 12-month low of $320.26 and a 12-month high of $426.75. The company has a market cap of $320.26 billion, a P/E ratio of 22.60, a PEG ratio of 3.51 and a beta of 1.09. The company’s fifty day simple moving average is $366.65 and its two-hundred day simple moving average is $370.68.

Home Depot (NYSE:HDGet Free Report) last posted its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same period last year, the company posted $3.13 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is presently 65.50%.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HD shares. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Truist Financial set a $424.00 price objective on shares of Home Depot in a research note on Tuesday, February 24th. Robert W. Baird increased their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 target price on shares of Home Depot in a research note on Wednesday, March 25th. Finally, Jefferies Financial Group boosted their price target on Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $414.52.

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Key Headlines Impacting Home Depot

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About Home Depot

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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