Hsbc Holdings PLC Has $1.15 Billion Position in The Home Depot, Inc. $HD

Hsbc Holdings PLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,345,200 shares of the home improvement retailer’s stock after acquiring an additional 132,410 shares during the quarter. Home Depot makes up 0.7% of Hsbc Holdings PLC’s portfolio, making the stock its 20th largest holding. Hsbc Holdings PLC owned about 0.34% of Home Depot worth $1,151,521,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Redwood Family Wealth LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $452,000. Cedarwood Wealth LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $271,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Home Depot during the 4th quarter worth about $420,000. Bayban bought a new position in Home Depot during the 4th quarter valued at about $367,000. Finally, Taylor Securities Services Inc. bought a new position in Home Depot during the 4th quarter valued at about $1,332,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.1%

Shares of NYSE:HD opened at $334.72 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company’s 50-day moving average price is $323.24 and its two-hundred day moving average price is $346.39. 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 firm has a market cap of $333.75 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.86 and a beta of 0.97.

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, beating the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter last year, the company posted $3.56 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HD shares. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Wolfe Research reaffirmed an “outperform” rating and set a $365.00 price objective on shares of Home Depot in a report on Tuesday, May 19th. Robert W. Baird cut their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. JPMorgan Chase & Co. reduced their target price on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, Jefferies Financial Group decreased their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $371.71.

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.