The Home Depot, Inc. $HD Shares Bought by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 12.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 153,764 shares of the home improvement retailer’s stock after acquiring an additional 17,246 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Home Depot were worth $54,229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in Home Depot by 65.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 362,225 shares of the home improvement retailer’s stock valued at $127,750,000 after acquiring an additional 143,597 shares during the last quarter. St. Louis Financial Planners Asset Management LLC raised its position in Home Depot by 15.4% during the second quarter. St. Louis Financial Planners Asset Management LLC now owns 13,861 shares of the home improvement retailer’s stock worth $4,961,000 after acquiring an additional 1,845 shares during the last quarter. Westmount Partners LLC raised its position in Home Depot by 0.5% during the second quarter. Westmount Partners LLC now owns 6,536 shares of the home improvement retailer’s stock worth $2,305,000 after acquiring an additional 35 shares during the last quarter. 55 North Private Wealth LLC lifted its holdings in shares of Home Depot by 3.5% in the second quarter. 55 North Private Wealth LLC now owns 1,985 shares of the home improvement retailer’s stock valued at $700,000 after purchasing an additional 67 shares in the last quarter. Finally, Sarasin & Partners LLP lifted its holdings in shares of Home Depot by 4.0% in the second quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer’s stock valued at $242,368,000 after purchasing an additional 26,357 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HD shares. HSBC dropped their price objective on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Wells Fargo & Company lowered their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Oppenheimer lowered their target price on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Gordon Haskett raised their price target on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Finally, Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Performance

Shares of NYSE HD opened at $349.41 on Friday. The company has a 50-day simple moving average of $334.99 and a 200-day simple moving average of $343.00. 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 cap of $348.40 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 4.08 and a beta of 0.95. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted $3.56 earnings per share. The company’s quarterly 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 analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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 dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Wall Street remains broadly constructive on Home Depot (HD), with the average analyst recommendation equivalent to a Buy. Analysts remain moderately optimistic despite the stock’s recent underperformance relative to the broader market. Is Home Depot a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: The company’s latest quarterly results provided fundamental support: Home Depot exceeded consensus estimates for both earnings and revenue, while sales increased 4.8% year over year. Management also issued fiscal 2026 earnings guidance, giving investors a framework for future performance. Why Did Home Depot Feature Amid a Firm Earnings Backdrop?
• Positive Sentiment: Home Depot is consolidating its technology teams under its new executive vice president and chief technology officer. The restructuring is intended to accelerate technology innovation, potentially improving operational efficiency, digital capabilities and customer engagement over time. Home Depot Reshuffles Leadership to Accelerate Tech Innovation
• Neutral Sentiment: Recent coverage has placed HD in focus as investors assess the broader retail backdrop and changing sentiment toward home-related spending. The articles offer context for the stock’s movement but do not identify a major change to Home Depot’s earnings outlook. Home Depot Stock Moves as Home Retail Tone Shifts
• Negative Sentiment: Investors are also focusing on a new competitive threat to Home Depot. Intensifying competition from home-improvement and big-box retailers could pressure market share, pricing and customer traffic, weighing on sentiment despite the company’s solid recent results. Home Depot Stock Slips as It Faces New Competitive Threat

Home Depot Company 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.