Banque Cantonale Vaudoise Sells 1,994 Shares of The Home Depot, Inc. $HD

Banque Cantonale Vaudoise reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 36,289 shares of the home improvement retailer’s stock after selling 1,994 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Home Depot were worth $11,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares during the last quarter. State Street Corp boosted its holdings in shares of Home Depot by 1.8% during the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after acquiring an additional 825,164 shares during the period. Geode Capital Management LLC grew its position in shares of Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock valued at $8,151,344,000 after purchasing an additional 343,153 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Home Depot by 5.6% during the fourth quarter. Bank of America Corp DE now owns 16,063,532 shares of the home improvement retailer’s stock worth $5,527,461,000 after purchasing an additional 851,029 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Home Depot by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot News Summary

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

• Positive Sentiment: Investors are reacting positively to reports that Home Depot is expanding its AI use cases to improve customer service and worker efficiency, which could help margins and support a better customer experience over time. How Home Depot is rebuilding retailing with AI
• Positive Sentiment: Some recent commentary argues that Home Depot could move materially higher if housing conditions improve, with one piece making a bullish case tied to a new housing bill and another predicting a return toward $400, reflecting continued investor confidence in the company’s long-term fundamentals. Home Depot: New Housing Bill Is A Major Positive (Rating Upgrade)
• Neutral Sentiment: Home Depot continues to be highlighted as a defensive blue-chip and dividend stock, keeping the company on investors’ radar even without a major new catalyst. Best Home Improvement Stocks To Keep An Eye On – June 22nd
• Neutral Sentiment: Additional articles about Home Depot’s AI strategy and long-term stock potential have reinforced the investment thesis, but mostly serve as follow-up commentary rather than fresh fundamental news. Wolfe Research Says Home Depot (HD) Remains in Limbo amid Housing Market Challenges
• Negative Sentiment: Wolfe Research downgraded Home Depot to Peer Perform from Outperform, saying the stock “remains in limbo” as investors weigh housing-market challenges, which is likely the main bearish catalyst in the latest headlines. “I’m Not Going to Hold Them Back,” Home Depot Stock (NYSE:HD) Gains With Increasing AI Focus

Home Depot Stock Performance

NYSE:HD opened at $344.30 on Friday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. 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 simple moving average is $322.79 and its 200 day simple moving average is $345.76. The firm has a market capitalization of $343.31 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 3.96 and a beta of 0.97.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping 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 firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 earnings per share. The business’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, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is 66.19%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. BNP Paribas Exane reduced their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Mizuho decreased their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Evercore dropped their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada reduced their target price on Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.