Resona Asset Management Co. Ltd. increased its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,228 shares of the home improvement retailer’s stock after purchasing an additional 6,226 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Home Depot were worth $103,678,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Griffith & Werner Inc. lifted its stake in Home Depot by 4.6% during the first quarter. Griffith & Werner Inc. now owns 11,270 shares of the home improvement retailer’s stock valued at $3,706,000 after buying an additional 498 shares in the last quarter. Personal CFO Solutions LLC increased its position in shares of Home Depot by 11.2% in the first quarter. Personal CFO Solutions LLC now owns 3,637 shares of the home improvement retailer’s stock worth $1,196,000 after acquiring an additional 366 shares in the last quarter. Cahaba Wealth Management Inc. increased its position in shares of Home Depot by 14.3% in the first quarter. Cahaba Wealth Management Inc. now owns 3,542 shares of the home improvement retailer’s stock worth $1,165,000 after acquiring an additional 443 shares in the last quarter. Staley Capital Advisers Inc. increased its position in shares of Home Depot by 28.3% in the first quarter. Staley Capital Advisers Inc. now owns 4,076 shares of the home improvement retailer’s stock worth $1,341,000 after acquiring an additional 900 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of Home Depot by 1.1% during the first quarter. Frank Rimerman Advisors LLC now owns 15,315 shares of the home improvement retailer’s stock valued at $5,037,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Stock Performance
Shares of HD opened at $336.34 on Thursday. The company has a market capitalization of $335.37 billion, a PE ratio of 23.89, a PEG ratio of 3.99 and a beta of 0.95. 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 company’s 50 day moving average price is $324.45 and its 200 day moving average price is $345.52. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.
Home Depot Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.
Wall Street Analysts Forecast Growth
HD has been the subject of several research analyst reports. Argus reduced their price target on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Bank of America assumed coverage on shares of Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective on the stock. Telsey Advisory Group cut their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. 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. Finally, Citigroup decreased their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $371.71.
Get Our Latest Report on Home Depot
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.
Recommended Stories
- Five stocks we like better than Home Depot
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
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:HD – Free Report).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
