Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $1.23 Million Stock Holdings in The Home Depot, Inc. $HD

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 405.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,737 shares of the home improvement retailer’s stock after purchasing an additional 2,997 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Home Depot were worth $1,229,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Parvin Asset Management LLC boosted its holdings in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the period. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $25,000. Key Capital Management INC acquired a new stake in shares of Home Depot during the fourth quarter worth $28,000. Cache Advisors LLC bought a new stake in Home Depot in the 1st quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new stake in Home Depot in the 3rd quarter valued at $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.0%

Home Depot stock opened at $357.73 on Friday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. 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 stock has a market capitalization of $356.69 billion, a P/E ratio of 25.41, a PEG ratio of 4.13 and a beta of 0.95. The stock has a 50-day simple moving average of $323.97 and a 200 day simple moving average of $345.83.

Home Depot (NYSE:HD) last released 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 return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the company earned $3.56 earnings per share. The business’s revenue for the quarter 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. Analysts expect 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. Investors of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is 66.19%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HD shares. Gordon Haskett upped their target price on shares of Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. TD Cowen reduced their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Morgan Stanley dropped their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Mizuho cut their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Home Depot in a research note on Monday, June 29th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

About Home Depot

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.