Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in The Home Depot, Inc. $HD

Mirae Asset Global Investments Co. Ltd. increased its holdings in The Home Depot, Inc. (NYSE:HD) by 24.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 673,912 shares of the home improvement retailer’s stock after buying an additional 132,417 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Home Depot were worth $237,675,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Herold Advisors Inc. lifted its position in Home Depot by 1.6% during the second quarter. Herold Advisors Inc. now owns 13,017 shares of the home improvement retailer’s stock valued at $4,592,000 after purchasing an additional 210 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Home Depot by 439.8% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 664 shares of the home improvement retailer’s stock worth $234,000 after buying an additional 541 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. raised its position in shares of Home Depot by 44.4% during the 2nd quarter. SBI Okasan Asset Management Co.Ltd. now owns 2,600 shares of the home improvement retailer’s stock valued at $912,000 after buying an additional 800 shares in the last quarter. MFA Wealth Services raised its position in shares of Home Depot by 7.2% during the 2nd quarter. MFA Wealth Services now owns 2,279 shares of the home improvement retailer’s stock valued at $804,000 after buying an additional 154 shares in the last quarter. Finally, Madson Wealth Advisors Inc lifted its holdings in shares of Home Depot by 6.9% in the 2nd quarter. Madson Wealth Advisors Inc now owns 3,306 shares of the home improvement retailer’s stock valued at $1,166,000 after acquiring an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HD. Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research report on Monday, July 20th. Citigroup decreased their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada raised their price objective on Home Depot from $340.00 to $343.00 and gave the company a “sector perform” rating in a research note on Wednesday. Sanford C. Bernstein set a $344.00 target price on Home Depot in a report on Wednesday. Finally, Argus cut their target price on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.18.

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Analysts expect second-quarter sales and earnings growth, supported by continued momentum among professional customers (“Pros”) and gains in digital sales. Wells Fargo also raised its price target to $400, suggesting potential upside if Home Depot delivers a solid report. Home Depot to Post Q2 Earnings Wells Fargo Raises Home Depot Price Target
• Positive Sentiment: Home Depot’s long record of dividend payments may provide support for income-focused investors, while the bankruptcy filing of a smaller hardware rival could modestly reinforce the company’s scale and competitive position. Home Depot Dividend Streak Hardware Rival Files Chapter 11
• Neutral Sentiment: The company’s finance chief Richard McPhail and another senior executive will help manage operations during Decker’s absence. The arrangement limits immediate disruption, but investors may seek more clarity on the duration of the leave and its effect on strategy. Home Depot Executives Step Up During CEO Leave
• Negative Sentiment: Oppenheimer and other analysts caution that second-quarter results may show little evidence of a recovery. High interest rates, weak housing activity, margin pressure and rising fuel costs are weighing on renovation demand and retailer expenses. Home Depot and Lowe’s Results Face Macro Pressures
• Negative Sentiment: Several previews argue that HD may already be priced for a recovery, increasing the risk of a negative reaction if sales, margins or management guidance disappoint. Bernstein has maintained a Hold rating. Home Depot Q2 Earnings Preview Bernstein Maintains Hold Rating

Home Depot Stock Down 0.2%

Shares of NYSE HD opened at $338.21 on Monday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a 50-day simple moving average of $339.17 and a two-hundred day simple moving average of $341.53. The company has a market cap of $337.23 billion, a P/E ratio of 24.02, a PEG ratio of 4.08 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $41.59 billion. During the same quarter in the prior year, the firm posted $3.56 earnings per share. The company’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 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors 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 yield of 2.8%. Home Depot’s payout ratio is presently 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.