Lansforsakringar Fondforvaltning AB publ Sells 18,916 Shares of The Home Depot, Inc. $HD

Lansforsakringar Fondforvaltning AB publ cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 318,717 shares of the home improvement retailer’s stock after selling 18,916 shares during the quarter. Home Depot accounts for about 0.5% of Lansforsakringar Fondforvaltning AB publ’s portfolio, making the stock its 25th largest position. Lansforsakringar Fondforvaltning AB publ’s holdings in Home Depot were worth $104,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC increased its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $25,000. Key Capital Management INC bought a new stake in Home Depot during the 4th quarter worth $28,000. Cache Advisors LLC bought a new stake in Home Depot during the 1st quarter worth $27,000. Finally, Imprint Wealth LLC acquired a new position in Home Depot in the 3rd quarter worth about $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.5%

NYSE HD opened at $350.54 on Tuesday. The firm has a market capitalization of $349.53 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 4.03 and a beta of 0.97. The business’s 50-day moving average price is $323.25 and its two-hundred day moving average price is $345.79. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s payout ratio is 66.19%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HD. Guggenheim reissued a “buy” rating on shares of Home Depot in a research note on Monday. Stifel Nicolaus lowered their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Morgan Stanley cut their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Wolfe Research lowered shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, BNP Paribas Exane reduced their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.