Candriam S.C.A. Increases Stake in The Home Depot, Inc. $HD

Candriam S.C.A. increased its stake in The Home Depot, Inc. (NYSE:HD) by 5.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 308,386 shares of the home improvement retailer’s stock after acquiring an additional 15,479 shares during the period. Candriam S.C.A.’s holdings in Home Depot were worth $101,425,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Osprey Private Wealth LLC grew its holdings in shares of Home Depot by 4.9% during the 1st quarter. Osprey Private Wealth LLC now owns 29,798 shares of the home improvement retailer’s stock worth $9,800,000 after acquiring an additional 1,400 shares during the period. Conning Inc. lifted its stake in shares of Home Depot by 7.6% in the 1st quarter. Conning Inc. now owns 104,372 shares of the home improvement retailer’s stock valued at $34,327,000 after purchasing an additional 7,371 shares during the period. Petix & Botte Co lifted its stake in shares of Home Depot by 2.9% in the 1st quarter. Petix & Botte Co now owns 2,377 shares of the home improvement retailer’s stock valued at $782,000 after purchasing an additional 67 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Home Depot by 7.1% during the first quarter. Sequoia Financial Advisors LLC now owns 219,054 shares of the home improvement retailer’s stock valued at $72,045,000 after purchasing an additional 14,601 shares in the last quarter. Finally, Fulcrum Capital LLC boosted its position in shares of Home Depot by 5.8% during the first quarter. Fulcrum Capital LLC now owns 844 shares of the home improvement retailer’s stock valued at $278,000 after purchasing an additional 46 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 1.4%

NYSE:HD opened at $343.44 on Friday. The stock has a market cap of $342.46 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.91 and a beta of 0.95. 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 company’s 50 day moving average price is $325.05 and its 200-day moving average price is $345.46. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.

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 business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the prior year, the firm 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. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed 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 of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Analyst Ratings Changes

HD has been the subject of a number of research reports. Evercore decreased their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada reduced their target price on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group decreased their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Robert W. Baird lowered their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Piper Sandler dropped their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.