SBI Okasan Asset Management Co.Ltd. bought a new position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,800 shares of the home improvement retailer’s stock, valued at approximately $625,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its stake in Home Depot by 0.8% during the fourth quarter. Moors & Cabot Inc. now owns 42,223 shares of the home improvement retailer’s stock valued at $14,529,000 after buying an additional 339 shares during the last quarter. Intech Investment Management LLC boosted its stake in Home Depot by 15.9% during the fourth quarter. Intech Investment Management LLC now owns 34,352 shares of the home improvement retailer’s stock valued at $11,821,000 after buying an additional 4,725 shares during the last quarter. Houlihan Financial Resource Group Ltd. boosted its stake in Home Depot by 69.3% during the fourth quarter. Houlihan Financial Resource Group Ltd. now owns 921 shares of the home improvement retailer’s stock valued at $334,000 after buying an additional 377 shares during the last quarter. Constant Guidance Financial LLC boosted its stake in Home Depot by 2.0% during the fourth quarter. Constant Guidance Financial LLC now owns 4,519 shares of the home improvement retailer’s stock valued at $1,555,000 after buying an additional 90 shares during the last quarter. Finally, Baker Avenue Asset Management LP boosted its stake in Home Depot by 11.5% during the fourth quarter. Baker Avenue Asset Management LP now owns 35,098 shares of the home improvement retailer’s stock valued at $12,077,000 after buying an additional 3,627 shares during the last quarter. 70.86% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on HD shares. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research note on Wednesday, February 25th. Gordon Haskett dropped their price target on Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings lowered Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. BNP Paribas Exane dropped their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $371.39.
Home Depot Trading Down 1.2%
Shares of HD opened at $317.41 on Friday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a market cap of $316.15 billion, a P/E ratio of 22.54, a P/E/G ratio of 3.71 and a beta of 1.00. 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 company’s fifty day simple moving average is $324.70 and its 200-day simple moving average is $349.76.
Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same period last year, the company earned $3.56 EPS. Home Depot’s quarterly revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.02 EPS for the current year.
Home Depot Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s payout ratio is 66.19%.
Insider Activity at Home Depot
In other news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.
Trending Headlines about Home Depot
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Zacks Research nudged its Q4 2027 EPS estimate higher for Home Depot, suggesting a slightly better earnings outlook for that period.
- Positive Sentiment: The firm also raised its Q4 2028 and Q1 2029 earnings estimates, indicating longer-term profit expectations remain intact.
- Neutral Sentiment: Home Depot expanded its services by testing on-site car key duplication through a partnership with KeyMe Locksmiths, a move that could help deepen customer engagement over time. Home Depot Tests On Site Car Key Service To Deepen Store Relationships
- Neutral Sentiment: Other recent coverage focused on Home Depot’s relative underperformance versus the consumer discretionary sector and commentary from Jim Cramer, but these items did not add a clear new fundamental catalyst. Home Depot Stock: Is HD Underperforming the Consumer Discretionary Sector?
- Negative Sentiment: Zacks Research trimmed multiple earnings estimates for Home Depot, including Q2 2027, Q3 2027, Q1 2028, Q2 2028, FY2027, FY2028, and FY2029, which can pressure the stock by signaling slower profit growth ahead.
- Negative Sentiment: The analyst firm maintained only a Hold rating, which suggests limited near-term upside in the eyes of the research team.
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.
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