E. Ohman J or Asset Management AB Boosts Stake in The Home Depot, Inc. $HD

E. Ohman J or Asset Management AB raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,493 shares of the home improvement retailer’s stock after buying an additional 1,550 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Home Depot were worth $14,281,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HD. Norges Bank purchased a new stake in shares of Home Depot in the fourth quarter valued at $4,850,329,000. Wellington Management Group LLP increased its position in Home Depot by 60.8% during 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 purchasing an additional 3,836,051 shares in the last quarter. Cardano Risk Management B.V. raised its stake in 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 valued at $1,132,275,000 after purchasing an additional 2,961,979 shares during the last quarter. Diamant Asset Management Inc. raised its stake in Home Depot by 33,026.3% in the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after purchasing an additional 2,334,956 shares during the last quarter. Finally, J. Stern & Co. LLP lifted its holdings in Home Depot by 14,869.3% in the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after purchasing an additional 2,217,607 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 1.5%

NYSE:HD opened at $350.23 on Tuesday. The business’s 50-day moving average is $336.54 and its two-hundred day moving average is $342.65. The firm has a market capitalization of $349.22 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 4.11 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 debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the business earned $3.56 earnings per share. The company’s 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. Research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HD. Stifel Nicolaus lowered their price target on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. Truist Financial reduced their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Oppenheimer decreased their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Citigroup lowered their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, HSBC cut their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Home Depot 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.