Arbejdsmarkedets Tillaegspension Grows Position in The Home Depot, Inc. $HD

Arbejdsmarkedets Tillaegspension boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,566 shares of the home improvement retailer’s stock after buying an additional 9,201 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Home Depot were worth $25,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advocate Investing Services LLC purchased a new stake in shares of Home Depot during the fourth quarter worth about $25,000. Parvin Asset Management LLC increased its holdings in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Cache Advisors LLC purchased a new stake in Home Depot in the first quarter valued at approximately $27,000. Key Capital Management INC acquired a new position in Home Depot during the fourth quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot during the 1st quarter worth about $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several analyst reports. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Piper Sandler reduced their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Morgan Stanley dropped their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Price Performance

HD stock opened at $343.44 on Monday. The firm has a 50 day moving average of $325.05 and a 200-day moving average of $345.45. The company has a market cap of $342.46 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.96 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. 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 issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (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 analysts’ expectations of $41.59 billion. During the same period in the previous year, the firm posted $3.56 earnings per share. Home Depot’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. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

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.