Arvest Bank Trust Division Has $9.50 Million Holdings in The Home Depot, Inc. $HD

Arvest Bank Trust Division cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,892 shares of the home improvement retailer’s stock after selling 1,854 shares during the quarter. Arvest Bank Trust Division’s holdings in Home Depot were worth $9,502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gator Capital Management LLC bought a new stake in Home Depot during the fourth quarter worth about $3,693,000. King Luther Capital Management Corp grew its stake in shares of Home Depot by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after buying an additional 7,180 shares during the last quarter. Carnegie Investment Counsel increased its position in Home Depot by 24.8% during the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after buying an additional 21,545 shares in the last quarter. Savvy Advisors Inc. raised its stake in Home Depot by 36.0% during the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after buying an additional 5,152 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Home Depot by 320.4% during 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 during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 0.4%

NYSE:HD opened at $331.73 on Wednesday. The company has a 50 day simple moving average of $327.81 and a two-hundred day simple moving average of $345.04. The company has a market cap of $330.77 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.84 and a beta of 0.95. 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 Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio is presently 66.19%.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Robert W. Baird cut their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Oppenheimer lowered their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday, May 18th. Morgan Stanley dropped their price target on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Truist Financial cut their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.