Generate Investment Management Ltd Has $5.05 Million Stock Holdings in The Home Depot, Inc. $HD

Generate Investment Management Ltd lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 72.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,347 shares of the home improvement retailer’s stock after selling 40,555 shares during the period. Generate Investment Management Ltd’s holdings in Home Depot were worth $5,047,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Advocate Investing Services LLC bought a new position in Home Depot in the fourth quarter valued at about $25,000. Parvin Asset Management LLC raised its stake in 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 acquiring an additional 33 shares in the last quarter. Key Capital Management INC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $28,000. Abound Financial LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $29,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $29,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho lowered their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Wells Fargo & Company cut their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Guggenheim reaffirmed a “buy” rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, May 20th. Argus decreased their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, HSBC lowered their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Negative Sentiment: Wolfe Research downgraded Home Depot (HD) to Peer Perform, a move that pressured the stock and signaled more cautious expectations for the near term. Wolfe Research upgrades Target to Top Pick, downgrades Home Depot and Five Below
• Negative Sentiment: Another market note highlighted that Home Depot shares slipped after the downgrade, with investors also weighing softer housing-related demand and competitive pressure in home improvement retail. Home Depot Stock (NYSE:HD) Slips as Unlikely Dark Horse Steps Up

Home Depot Stock Performance

Home Depot stock opened at $324.82 on Wednesday. The business has a 50 day moving average of $322.74 and a 200-day moving average of $345.89. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. 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 company has a market capitalization of $323.88 billion, a P/E ratio of 23.07, a P/E/G ratio of 3.77 and a beta of 0.97.

Home Depot (NYSE:HD) last posted its earnings results 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period last year, the company earned $3.56 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts predict 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. Stockholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is 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.