BI Asset Management Fondsmaeglerselskab A S Has $30.68 Million Stock Position in The Home Depot, Inc. $HD

BI Asset Management Fondsmaeglerselskab A S grew its position in The Home Depot, Inc. (NYSE:HD) by 7.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 89,156 shares of the home improvement retailer’s stock after purchasing an additional 6,192 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Home Depot were worth $30,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Parvin Asset Management LLC lifted its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares in the last quarter. Key Capital Management INC bought a new position in Home Depot during the fourth quarter worth about $28,000. Financially Speaking Inc bought a new position in Home Depot during the third quarter worth about $31,000. Navalign LLC bought a new position in Home Depot during the fourth quarter worth about $31,000. Finally, Imprint Wealth LLC bought a new position in Home Depot during the third quarter worth about $34,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE:HD opened at $310.73 on Friday. 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 stock’s 50 day moving average price is $322.95 and its two-hundred day moving average price is $347.74. The firm has a market capitalization of $309.83 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 3.58 and a beta of 0.97. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last released 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. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates 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 for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have weighed in on HD shares. UBS Group reduced their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Robert W. Baird reduced their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Gordon Haskett reduced their target price on Home Depot from $330.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Sanford C. Bernstein reiterated a “market perform” rating and set a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Finally, Oppenheimer reduced their target price on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price 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.