Cambient Family Office LLC Acquires New Position in The Home Depot, Inc. $HD

Cambient Family Office LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,399 shares of the home improvement retailer’s stock, valued at approximately $5,987,000. Home Depot accounts for about 0.9% of Cambient Family Office LLC’s holdings, making the stock its 24th biggest holding.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Home Depot during the 4th quarter worth approximately $4,850,329,000. Wellington Management Group LLP increased its holdings 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 valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the last quarter. Cardano Risk Management B.V. raised its position in Home Depot by 901.5% in the fourth 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 purchasing an additional 2,961,979 shares during the period. J. Stern & Co. LLP raised its position in Home Depot by 14,869.3% in the fourth quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after purchasing an additional 2,217,607 shares during the period. Finally, Parnassus Investments LLC lifted its stake in Home Depot by 712.3% during the fourth quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock worth $715,913,000 after purchasing an additional 1,824,409 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD stock opened at $334.72 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 Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The stock has a market capitalization of $333.75 billion, a PE ratio of 23.77, a P/E/G ratio of 3.78 and a beta of 0.97. The firm has a 50 day moving average of $323.27 and a two-hundred day moving average of $346.47.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the company earned $3.56 earnings per share. The company’s 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 predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s payout ratio is presently 66.19%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HD. Jefferies Financial Group lowered their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. UBS Group cut their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. TD Cowen decreased their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Morgan Stanley lowered their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Piper Sandler dropped 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. Nineteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot News Summary

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

• Positive Sentiment: Home Depot is being highlighted in analyst coverage after its latest earnings report, with commentary focused on whether the stock can keep its recent momentum. Home Depot (HD) Up 5.4% Since Last Earnings Report: Can It Continue?
• Positive Sentiment: Home Depot also appeared in analyst research roundups, which can reinforce investor attention around the stock and keep sentiment supported. The Zacks Analyst Blog Highlights NVIDIA, Oracle, Home Depot, Catalyst Bancorp and Hour Loop
• Positive Sentiment: Another research note featured Home Depot among top analyst reports, a sign that the company remains in focus for Wall Street watchers. Top Analyst Reports for NVIDIA, Oracle & Home Depot
• Neutral Sentiment: Home Depot was included in a promotional article about its “Skelly” character being used in World Cup marketing, which is more of a brand-awareness item than a direct earnings driver. Home Depot Stock (NYSE:HD) Ticks Up as It Brings Out Skelly for World Cup
• Negative Sentiment: Separately, Home Depot was named in an HRC survey as a company some LGBTQ+ consumers perceive as rolling back DEI commitments, a reputational headline that could weigh on sentiment even if the direct financial impact is unclear. Home Depot (HD) Named In HRC Survey On DEI Pullback Perceptions

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.