Foster Victor Wealth Advisors LLC Grows Stock Holdings in The Home Depot, Inc. $HD

Foster Victor Wealth Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,181 shares of the home improvement retailer’s stock after purchasing an additional 1,841 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Home Depot were worth $17,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HD. Parvin Asset Management LLC boosted its holdings in shares of Home Depot by 110.0% during 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 acquired a new position in Home Depot in the 3rd quarter valued at about $31,000. Disciplined Equity Management Inc. acquired a new position in Home Depot in the 4th quarter valued at about $34,000. Family CFO Inc acquired a new position in Home Depot in the 4th quarter valued at about $34,000. Finally, Imprint Wealth LLC acquired a new position in Home Depot in the 3rd quarter valued at about $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’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 sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

Key Home Depot News

Here are the key news stories impacting Home Depot this week:

Home Depot Price Performance

Shares of HD opened at $339.16 on Thursday. The Home Depot, Inc. has a fifty-two week low of $315.31 and a fifty-two week high of $426.75. The firm’s 50 day moving average price is $353.96 and its 200 day moving average price is $363.29. The company has a market cap of $337.81 billion, a P/E ratio of 23.83, a PEG ratio of 3.74 and a beta of 1.09. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HDGet Free Report) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share 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 for the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the prior year, the firm earned $3.13 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share 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 paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is currently 65.50%.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Home Depot from $407.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Morgan Stanley boosted their target price on shares of Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Sanford C. Bernstein boosted their target price 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. Royal Bank Of Canada boosted their target price on shares of Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. Finally, Gordon Haskett boosted their target price on shares of Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a report on Wednesday, February 11th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $414.17.

View Our Latest Analysis on Home Depot

Home Depot Company Profile

(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.

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

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