Arrowpoint Investment Partners Singapore Pte. Ltd. Takes $53.97 Million Position in The Home Depot, Inc. $HD

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 156,840 shares of the home improvement retailer’s stock, valued at approximately $53,969,000. Home Depot makes up 8.0% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s investment portfolio, making the stock its 5th biggest holding.

Several other hedge funds also recently made changes to their positions in HD. Parvin Asset Management LLC grew its position in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Key Capital Management INC purchased a new position in shares of Home Depot in the fourth quarter valued at $28,000. Financially Speaking Inc purchased a new position in shares of Home Depot in the third quarter valued at $31,000. Navalign LLC purchased a new position in shares of Home Depot in the fourth quarter valued at $31,000. Finally, Disciplined Equity Management Inc. purchased a new position in shares of Home Depot in the fourth quarter valued at $34,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Negative Sentiment: A TipRanks article says Home Depot is slipping as a new major competitor emerges, adding to concerns that the company may face more pricing and traffic pressure in an already challenging market. Home Depot Stock (NYSE:HD) Slips as New Major Competitor Emerges
• Neutral Sentiment: Jefferies slightly lowered its price target on Home Depot to $360 from $361 while keeping a Buy rating, signaling continued analyst support even though the stock may have limited near-term upside from current levels. Jefferies Adjusts Price Target on Home Depot to $360 From $361, Maintains Buy Rating
• Neutral Sentiment: Recent commentary from The Motley Fool highlighted that Home Depot remains a cyclical business tied to household balance sheets and consumer confidence, but also noted its strength with professional customers, suggesting a mixed outlook rather than a clear catalyst. 3 Things to Know About Home Depot Stock Before You Buy
• Positive Sentiment: Analyst coverage and recent articles have pointed to meaningful upside potential for Home Depot (HD) if valuation support and better housing trends materialize, which could help limit downside and attract dip buyers. How High Can Home Depot’s Stock (HD) Price Rise?

Home Depot Price Performance

NYSE:HD opened at $310.30 on Friday. The firm has a market capitalization of $309.41 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 3.61 and a beta of 0.97. 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 moving average of $323.38 and a 200 day moving average of $348.00. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter last year, the company earned $3.56 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared 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 is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Analyst Ratings Changes

HD has been the subject of several recent research reports. Robert W. Baird reduced their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. The Goldman Sachs Group reduced their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Mizuho dropped their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Citigroup dropped their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, TD Cowen dropped their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.36.

About Home Depot

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.