Zurcher Kantonalbank Zurich Cantonalbank Trims Stock Holdings in The Home Depot, Inc. $HD

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in The Home Depot, Inc. (NYSE:HD) by 59.8% in the 4th quarter, HoldingsChannel reports. The fund owned 283,379 shares of the home improvement retailer’s stock after selling 420,872 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Home Depot were worth $97,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after buying an additional 3,836,051 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Home Depot by 37.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock worth $1,542,278,000 after buying an additional 1,040,577 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Home Depot in the 3rd quarter worth $284,893,000. ABN AMRO Bank N.V. raised its holdings in Home Depot by 2,427.3% during the third quarter. ABN AMRO Bank N.V. now owns 631,551 shares of the home improvement retailer’s stock valued at $254,943,000 after acquiring an additional 606,562 shares during the period. Finally, Danske Bank A S bought a new stake in Home Depot during the third quarter valued at about $194,928,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HD. The Goldman Sachs Group cut their target price on Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. Gordon Haskett upped their price target on Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Finally, Piper Sandler lowered their target price on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $414.17.

Home Depot Price Performance

HD opened at $349.34 on Monday. The business has a fifty day moving average of $352.34 and a 200 day moving average of $362.16. The Home Depot, Inc. has a 52-week low of $315.31 and a 52-week high of $426.75. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The stock has a market cap of $347.96 billion, a P/E ratio of 24.55, a PEG ratio of 3.82 and a beta of 1.09.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. The company had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.Home Depot’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, sell-side 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. Stockholders of record on Thursday, March 12th were given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend 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 presently 65.50%.

Insider Activity at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.