LGT Fund Management Co Ltd. lifted its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 605.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 48,830 shares of the home improvement retailer’s stock after purchasing an additional 41,907 shares during the period. Home Depot comprises approximately 0.7% of LGT Fund Management Co Ltd.’s portfolio, making the stock its 27th largest holding. LGT Fund Management Co Ltd.’s holdings in Home Depot were worth $16,060,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Norges Bank purchased a new stake in Home Depot in the fourth quarter worth $4,850,329,000. Wellington Management Group LLP increased its stake in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after buying an additional 3,836,051 shares during the period. Cardano Risk Management B.V. lifted its holdings in Home Depot by 901.5% during the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after buying an additional 2,961,979 shares in the last quarter. Diamant Asset Management Inc. lifted its holdings in Home Depot by 33,026.3% during the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after buying an additional 2,334,956 shares in the last quarter. Finally, J. Stern & Co. LLP boosted its position in Home Depot by 14,869.3% in the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after buying an additional 2,217,607 shares during the period. 70.86% of the stock is owned by institutional investors.
Analyst Ratings Changes
HD has been the subject of several research analyst reports. Guggenheim reaffirmed a “buy” rating on shares of Home Depot in a research note on Monday, June 29th. Wells Fargo & Company reduced their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Piper Sandler decreased their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. 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. Finally, Jefferies Financial Group dropped their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $371.71.
Home Depot Stock Performance
NYSE:HD traded up $4.71 during midday trading on Friday, hitting $343.44. The company’s stock had a trading volume of 2,747,430 shares, compared to its average volume of 4,667,555. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The firm has a market cap of $342.45 billion, a P/E ratio of 24.39, a P/E/G ratio of 3.96 and a beta of 0.95. The firm’s 50 day moving average is $325.05 and its 200-day moving average is $345.46.
Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.
Home Depot Company 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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