NFJ Investment Group LLC Has $28.17 Million Stake in The Home Depot, Inc. $HD

NFJ Investment Group LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,869 shares of the home improvement retailer’s stock after selling 21,445 shares during the quarter. Home Depot makes up approximately 1.0% of NFJ Investment Group LLC’s portfolio, making the stock its 29th biggest position. NFJ Investment Group LLC’s holdings in Home Depot were worth $28,171,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HD. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $25,000. Parvin Asset Management LLC boosted its holdings in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Key Capital Management INC acquired a new stake in shares of Home Depot during the 4th quarter valued at $28,000. Navalign LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $31,000. Finally, Disciplined Equity Management Inc. acquired a new stake in shares of Home Depot during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. Truist Financial reduced their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Gordon Haskett raised their price objective on Home Depot from $320.00 to $330.00 in a research report on Friday. BNP Paribas Exane lowered their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Mizuho lowered their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Price Performance

Shares of HD opened at $328.37 on Monday. The company has a market capitalization of $327.42 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 3.79 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 business has a 50-day moving average of $322.44 and a 200-day moving average of $347.12. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion for 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 in the previous year, the business earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

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.