Martingale Asset Management L P Reduces Position in The Home Depot, Inc. $HD

Martingale Asset Management L P lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,378 shares of the home improvement retailer’s stock after selling 1,598 shares during the quarter. Home Depot makes up 0.8% of Martingale Asset Management L P’s portfolio, making the stock its 27th largest holding. Martingale Asset Management L P’s holdings in Home Depot were worth $30,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HD. Norges Bank purchased a new position in shares of Home Depot during the 4th quarter worth $4,850,329,000. Wellington Management Group LLP boosted its stake in shares of Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after acquiring an additional 3,836,051 shares during the last quarter. Parnassus Investments LLC boosted its stake in shares of Home Depot by 712.3% during the 4th quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock worth $715,913,000 after acquiring an additional 1,824,409 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Home Depot by 1.3% during the 4th 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. Finally, Franklin Resources Inc. boosted its stake in shares of Home Depot by 37.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock worth $1,542,278,000 after acquiring an additional 1,040,577 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.7%

Shares of HD stock opened at $328.37 on Friday. The company has a market capitalization of $327.42 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.76 and a beta of 0.97. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company’s fifty day moving average price is $322.44 and its 200-day moving average price is $347.04. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last announced 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 firm had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HD. Guggenheim reiterated a “buy” rating and set a $425.00 price target on shares of Home Depot in a research note on Wednesday, May 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $346.00 price target on shares of Home Depot in a research note on Wednesday, May 20th. BNP Paribas Exane dropped their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. HSBC decreased their price objective 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, Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.36.

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.