Mediolanum International Funds Ltd Has $34.27 Million Stock Position in The Home Depot, Inc. $HD

Mediolanum International Funds Ltd lessened its stake in The Home Depot, Inc. (NYSE:HD) by 3.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 105,943 shares of the home improvement retailer’s stock after selling 3,741 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Home Depot were worth $34,273,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Advocate Investing Services LLC acquired a new stake in Home Depot in the 4th quarter valued at about $25,000. Parvin Asset Management LLC lifted its position 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 buying an additional 33 shares during the last quarter. Cache Advisors LLC bought a new position in shares of Home Depot during the 1st quarter worth approximately $27,000. Key Capital Management INC bought a new position in shares of Home Depot during the 4th quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Home Depot during the 1st quarter worth approximately $28,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group lowered their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Bank of America started coverage on Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price target for the company. Guggenheim reiterated a “buy” rating on shares of Home Depot in a research note on Monday, June 29th. Finally, BNP Paribas Exane decreased their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Trading Down 2.5%

Shares of HD opened at $339.22 on Friday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The firm has a market cap of $338.24 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.91 and a beta of 0.95. The business’s fifty day moving average is $326.96 and its 200-day moving average is $345.24.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend 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.