Oddo BHF Asset Management Sas Lowers Stake in The Home Depot, Inc. $HD

Oddo BHF Asset Management Sas lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,393 shares of the home improvement retailer’s stock after selling 2,793 shares during the period. Oddo BHF Asset Management Sas’ holdings in Home Depot were worth $3,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Home Depot in the 4th quarter worth approximately $4,850,329,000. Wellington Management Group LLP grew its position in shares of Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after buying an additional 3,836,051 shares during the last quarter. Cardano Risk Management B.V. grew its position in shares of Home Depot by 901.5% in the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock worth $1,132,275,000 after buying an additional 2,961,979 shares during the last quarter. Parnassus Investments LLC grew its position in shares of Home Depot by 712.3% in the 4th quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock worth $715,913,000 after buying an additional 1,824,409 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after buying an additional 1,325,748 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $336.85 on Wednesday. The firm has a market capitalization of $335.88 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.81 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company’s fifty day moving average price is $322.91 and its 200-day moving average price is $346.83.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating 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 analyst estimates of $41.59 billion. During the same period in the previous year, the company earned $3.56 earnings per share. The business’s quarterly revenue 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. On average, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HD. Gordon Haskett increased their price target on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Wolfe Research reiterated an “outperform” rating and issued a $365.00 price target on shares of Home Depot in a research note on Tuesday, May 19th. Oppenheimer decreased their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. Finally, Morgan Stanley decreased their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

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.