The Home Depot, Inc. $HD Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in The Home Depot, Inc. (NYSE:HD) by 5.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 722,108 shares of the home improvement retailer’s stock after selling 39,657 shares during the period. The Manufacturers Life Insurance Company’s holdings in Home Depot were worth $237,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP raised its position in Home Depot by 23.5% during the 1st quarter. Quantinno Capital Management LP now owns 478,109 shares of the home improvement retailer’s stock worth $157,246,000 after buying an additional 91,060 shares during the last quarter. Polar Asset Management Partners Inc. boosted its holdings in shares of Home Depot by 207.0% in the first quarter. Polar Asset Management Partners Inc. now owns 30,700 shares of the home improvement retailer’s stock valued at $10,097,000 after acquiring an additional 20,700 shares in the last quarter. Family Manage LLC boosted its holdings in shares of Home Depot by 8.2% in the first quarter. Family Manage LLC now owns 11,724 shares of the home improvement retailer’s stock valued at $3,856,000 after acquiring an additional 891 shares in the last quarter. Gateway Wealth Partners LLC increased its stake in shares of Home Depot by 251.2% during the first quarter. Gateway Wealth Partners LLC now owns 9,013 shares of the home improvement retailer’s stock worth $2,964,000 after acquiring an additional 6,447 shares during the period. Finally, Blue Chip Partners LLC increased its stake in shares of Home Depot by 5.7% during the first quarter. Blue Chip Partners LLC now owns 84,040 shares of the home improvement retailer’s stock worth $27,640,000 after acquiring an additional 4,543 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HD. Oppenheimer cut their price target on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a report on Monday, May 18th. Bank of America started coverage on Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price on the stock. Jefferies Financial Group cut their target price on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Telsey Advisory Group reduced their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Stock Performance

Shares of HD opened at $335.43 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a 50-day simple moving average of $330.23 and a 200-day simple moving average of $344.63. The company has a market capitalization of $334.46 billion, a PE ratio of 23.82, a P/E/G ratio of 3.84 and a beta of 0.95.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 earnings per share. The firm’s 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. Equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) 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.