The Home Depot, Inc. $HD is Diamant Asset Management Inc.’s 10th Largest Position

Diamant Asset Management Inc. boosted its position in The Home Depot, Inc. (NYSE:HD) by 33,026.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,342,026 shares of the home improvement retailer’s stock after purchasing an additional 2,334,956 shares during the quarter. Home Depot comprises about 2.5% of Diamant Asset Management Inc.’s holdings, making the stock its 10th largest position. Diamant Asset Management Inc. owned 0.24% of Home Depot worth $770,269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Parvin Asset Management LLC grew its holdings in shares of 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 buying an additional 33 shares in the last quarter. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $25,000. Key Capital Management INC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $28,000. Cache Advisors LLC acquired a new stake in Home Depot during the first quarter worth approximately $27,000. Finally, Imprint Wealth LLC acquired a new stake in Home Depot during the third quarter worth approximately $34,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.1%

Shares of HD opened at $348.60 on Monday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company’s fifty day moving average is $322.98 and its two-hundred day moving average is $345.75. The firm has a market cap of $347.60 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 4.03 and a beta of 0.97. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. BNP Paribas Exane cut their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. TD Cowen lowered their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Citigroup dropped their target price 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, 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 research report on Wednesday, May 20th. Eighteen 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. Based on data from MarketBeat.com, the stock 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.