Fifth Third Bancorp Raises Stock Position in The Home Depot, Inc. $HD

Fifth Third Bancorp lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 59.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,457,243 shares of the home improvement retailer’s stock after buying an additional 541,339 shares during the quarter. Home Depot makes up about 0.9% of Fifth Third Bancorp’s holdings, making the stock its 18th largest position. Fifth Third Bancorp’s holdings in Home Depot were worth $479,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% in the 3rd 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 purchased a new position in shares of Home Depot in the 4th quarter valued at $25,000. Key Capital Management INC acquired a new position in shares of Home Depot during the fourth quarter worth about $28,000. Cache Advisors LLC acquired a new position in Home Depot during the 1st quarter worth approximately $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot during the third quarter worth $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Evercore lowered their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. TD Cowen dropped their price target on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Wells Fargo & Company decreased their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada cut their price objective on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a report on Wednesday, May 20th. 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 company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Price Performance

NYSE:HD traded up $4.71 during mid-day trading on Friday, reaching $343.44. 2,747,430 shares of the company were exchanged, compared to its average volume of 4,667,555. The company has a fifty day moving average of $325.05 and a 200 day moving average of $345.46. The stock has a market cap of $342.45 billion, a PE ratio of 24.39, a PEG ratio of 3.96 and a beta of 0.95. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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.