Y Intercept Hong Kong Ltd Has $17.70 Million Holdings in The Home Depot, Inc. $HD

Y Intercept Hong Kong Ltd increased its holdings in The Home Depot, Inc. (NYSE:HD) by 273.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,815 shares of the home improvement retailer’s stock after buying an additional 39,400 shares during the period. Home Depot accounts for 0.3% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 29th largest position. Y Intercept Hong Kong Ltd’s holdings in Home Depot were worth $17,699,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Home Depot by 62.1% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 259,680 shares of the home improvement retailer’s stock valued at $85,406,000 after purchasing an additional 99,470 shares during the last quarter. New World Advisors LLC lifted its position in shares of Home Depot by 16.5% during the 1st quarter. New World Advisors LLC now owns 2,744 shares of the home improvement retailer’s stock worth $902,000 after buying an additional 388 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its position in shares of Home Depot by 489.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 122,947 shares of the home improvement retailer’s stock worth $40,436,000 after buying an additional 102,083 shares during the last quarter. Platform Technology Partners boosted its stake in Home Depot by 9.2% in the first quarter. Platform Technology Partners now owns 10,264 shares of the home improvement retailer’s stock valued at $3,376,000 after buying an additional 866 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its stake in Home Depot by 1.2% in the first quarter. Jamison Private Wealth Management Inc. now owns 36,313 shares of the home improvement retailer’s stock valued at $11,943,000 after buying an additional 444 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on HD. Mizuho lowered their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. HSBC decreased their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. TD Cowen dropped their price objective on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

Shares of HD stock opened at $357.73 on Friday. The firm has a market capitalization of $356.69 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 4.13 and a beta of 0.95. 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 business’s 50-day moving average price is $323.97 and its 200-day moving average price is $345.83. 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 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. 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 quarter in the prior year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is 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.