Capital World Investors Boosts Holdings in The Home Depot, Inc. $HD

Capital World Investors boosted its position in The Home Depot, Inc. (NYSE:HDFree Report) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,147,117 shares of the home improvement retailer’s stock after buying an additional 201,694 shares during the period. Capital World Investors’ holdings in Home Depot were worth $4,524,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after buying an additional 1,325,748 shares during the last quarter. Geode Capital Management LLC grew its position in Home Depot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock valued at $8,151,344,000 after buying an additional 343,153 shares during the last quarter. Norges Bank purchased a new position in Home Depot in the 4th quarter valued at $4,850,329,000. Capital Research Global Investors grew its position in Home Depot by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock valued at $4,619,229,000 after buying an additional 30,739 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Home Depot by 60.8% in the third 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 acquiring an additional 3,836,051 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HD shares. Citigroup reduced their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada reduced their target price on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a report on Wednesday, May 20th. Stifel Nicolaus reduced their target price on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. Truist Financial reduced their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Finally, Piper Sandler reduced their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $371.36.

Get Our Latest Research Report on HD

Home Depot Trading Up 0.3%

NYSE:HD opened at $310.73 on Friday. The company has a market capitalization of $309.83 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 3.59 and a beta of 0.97. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock has a fifty day simple moving average of $322.95 and a 200-day simple moving average of $347.74.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during 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%.The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

About Home Depot

(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

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDFree Report).

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

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