Hsbc Holdings PLC Purchases 132,410 Shares of The Home Depot, Inc. $HD

Hsbc Holdings PLC increased its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,345,200 shares of the home improvement retailer’s stock after acquiring an additional 132,410 shares during the quarter. Home Depot comprises about 0.7% of Hsbc Holdings PLC’s investment portfolio, making the stock its 20th largest position. Hsbc Holdings PLC’s holdings in Home Depot were worth $1,151,521,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HD. Advocate Investing Services LLC acquired a new position in Home Depot during the 4th quarter valued at about $25,000. Parvin Asset Management LLC grew its position 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 buying an additional 33 shares during the period. Key Capital Management INC bought a new stake in shares of Home Depot during the fourth quarter worth approximately $28,000. Abound Financial LLC bought a new stake in shares of Home Depot during the fourth quarter worth approximately $29,000. Finally, Navalign LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $31,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HD shares. Gordon Haskett raised their price objective on shares of Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Oppenheimer dropped their target price on shares of 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. Royal Bank Of Canada cut their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 20th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research note on Wednesday, February 25th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Get Our Latest Stock Report on Home Depot

Home Depot Stock Up 0.1%

Shares of NYSE HD opened at $334.72 on Friday. The stock has a market cap of $333.75 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.86 and a beta of 0.97. The firm has a 50 day moving average price of $323.24 and a 200 day moving average price of $346.39. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s payout ratio is currently 66.19%.

Home Depot 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.

Further Reading

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

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