Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 99,470 Shares of The Home Depot, Inc. $HD

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 62.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 259,680 shares of the home improvement retailer’s stock after acquiring an additional 99,470 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Home Depot were worth $85,406,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC grew its stake 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 purchasing an additional 33 shares during the period. Advocate Investing Services LLC acquired a new position in Home Depot in the fourth quarter valued at about $25,000. Key Capital Management INC bought a new position in Home Depot during the fourth quarter worth about $28,000. Cache Advisors LLC bought a new position in Home Depot during the first quarter worth about $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot during the 3rd quarter worth about $34,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.0%

Shares of HD stock opened at $357.73 on Friday. The firm has a fifty day moving average of $323.97 and a 200-day moving average of $345.83. 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 Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a market capitalization of $356.69 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 4.13 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, beating the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.6%. Home Depot’s payout ratio is presently 66.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HD shares. Citigroup lowered their price target 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. Weiss Ratings downgraded shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. TD Cowen cut their target price 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. HSBC reduced their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Finally, Truist Financial decreased their price target on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Eighteen investment 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 a consensus target price 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.