AIA Group Ltd Grows Position in The Home Depot, Inc. $HD

AIA Group Ltd boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 26.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 55,099 shares of the home improvement retailer’s stock after acquiring an additional 11,415 shares during the quarter. AIA Group Ltd’s holdings in Home Depot were worth $18,122,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HD. Norges Bank bought a new stake in Home Depot during the 4th quarter valued at approximately $4,850,329,000. Wellington Management Group LLP raised its holdings in Home Depot by 60.8% in the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares in the last quarter. Cardano Risk Management B.V. lifted its position in Home Depot by 901.5% during 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 buying an additional 2,961,979 shares during the period. Diamant Asset Management Inc. lifted its position in Home Depot by 33,026.3% during the first quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after buying an additional 2,334,956 shares during the period. Finally, J. Stern & Co. LLP grew its stake in shares of Home Depot by 14,869.3% in the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after buying an additional 2,217,607 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. Morgan Stanley cut their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. JPMorgan Chase & Co. decreased their target price on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. TD Cowen dropped their price target on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Wells Fargo & Company reduced their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Trading Down 2.5%

Shares of Home Depot stock opened at $339.22 on Friday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company’s fifty day simple moving average is $326.96 and its 200-day simple moving average is $345.24. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The stock has a market capitalization of $338.24 billion, a PE ratio of 24.09, a P/E/G ratio of 3.91 and a beta of 0.95.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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. The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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 was Thursday, June 4th. Home Depot’s dividend payout ratio 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.