The Home Depot, Inc. $HD Shares Acquired by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.7% during the 1st quarter, HoldingsChannel reports. The fund owned 33,498 shares of the home improvement retailer’s stock after purchasing an additional 1,821 shares during the period. Home Depot accounts for 1.8% of Kinsale Capital Group Inc.’s portfolio, making the stock its 21st biggest position. Kinsale Capital Group Inc.’s holdings in Home Depot were worth $11,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after buying an additional 1,433 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. raised its stake in shares of Home Depot by 11.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after buying an additional 241 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HD. UBS Group dropped their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Piper Sandler reduced their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Truist Financial decreased their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Citigroup decreased their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Stock Down 2.5%

NYSE HD opened at $339.22 on Friday. The business has a fifty day moving average price of $326.96 and a 200 day moving average price of $345.24. 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 company has a market cap of $338.24 billion, a P/E ratio of 24.09, a P/E/G ratio of 3.91 and a beta of 0.95. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (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 company had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the company posted $3.56 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given 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 yield of 2.7%. Home Depot’s payout ratio is presently 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.