National Bank of Canada FI Raises Stake in The Home Depot, Inc. $HD

National Bank of Canada FI increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 21.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 934,023 shares of the home improvement retailer’s stock after purchasing an additional 162,096 shares during the period. National Bank of Canada FI’s holdings in Home Depot were worth $321,393,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HD. Mangrove Partners IM LLC bought a new position in Home Depot in the 4th quarter worth about $962,000. Graham Capital Management L.P. raised its holdings in shares of Home Depot by 67.1% in the 4th quarter. Graham Capital Management L.P. now owns 32,408 shares of the home improvement retailer’s stock valued at $11,152,000 after acquiring an additional 13,008 shares in the last quarter. Silver Grove Financial Group Inc. raised its holdings in shares of Home Depot by 11.7% in the 4th quarter. Silver Grove Financial Group Inc. now owns 1,657 shares of the home improvement retailer’s stock valued at $570,000 after acquiring an additional 173 shares in the last quarter. Pointe Capital Management LLC raised its holdings in shares of Home Depot by 9.5% in the 4th quarter. Pointe Capital Management LLC now owns 910 shares of the home improvement retailer’s stock valued at $313,000 after acquiring an additional 79 shares in the last quarter. Finally, Howe & Rusling Inc. raised its holdings in shares of Home Depot by 13.9% in the 4th quarter. Howe & Rusling Inc. now owns 3,971 shares of the home improvement retailer’s stock valued at $1,367,000 after acquiring an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $336.85 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $335.88 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.81 and a beta of 0.97. The business’s 50-day moving average price is $322.91 and its 200-day moving average price is $346.83. 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 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 analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s revenue 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. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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. The ex-dividend date is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is 66.19%.

Analyst Ratings Changes

Several analysts have weighed in on HD shares. Jefferies Financial Group lowered their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. The Goldman Sachs Group lowered their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. BNP Paribas Exane lowered their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. DA Davidson lowered their price target on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Finally, HSBC lowered their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $371.71.

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.