Handelsbanken Fonder AB Cuts Stake in The Home Depot, Inc. $HD

Handelsbanken Fonder AB lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 522,512 shares of the home improvement retailer’s stock after selling 29,206 shares during the period. Handelsbanken Fonder AB’s holdings in Home Depot were worth $184,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after acquiring an additional 1,325,748 shares during the last quarter. State Street Corp boosted its stake in shares of Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after acquiring an additional 825,164 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after acquiring an additional 343,153 shares during the last quarter. Bank of America Corp DE increased its position in shares of Home Depot by 1.6% during the first quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock worth $5,365,629,000 after purchasing an additional 250,825 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Home Depot by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after purchasing an additional 1,113,114 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. UBS Group decreased their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Telsey Advisory Group dropped their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. HSBC reduced their target price on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Stifel Nicolaus decreased their price target on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Truist Financial lowered their price target on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Down 1.5%

HD stock opened at $350.23 on Tuesday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a market cap of $349.22 billion, a PE ratio of 24.87, a PEG ratio of 4.11 and a beta of 0.95. The firm’s 50 day moving average price is $336.54 and its 200-day moving average price is $342.65. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last issued 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 company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS 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. The ex-dividend date 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 currently 66.19%.

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.