Broderick Brian C Increases Position in The Home Depot, Inc. $HD

Broderick Brian C grew its position in The Home Depot, Inc. (NYSE:HD) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,227 shares of the home improvement retailer’s stock after purchasing an additional 1,865 shares during the quarter. Home Depot makes up 2.2% of Broderick Brian C’s investment portfolio, making the stock its 17th largest position. Broderick Brian C’s holdings in Home Depot were worth $11,915,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HD. Norges Bank purchased a new position in Home Depot in the fourth quarter valued at $4,850,329,000. Wellington Management Group LLP lifted its holdings 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 buying an additional 3,836,051 shares during the last quarter. Cardano Risk Management B.V. lifted its holdings in Home Depot by 901.5% during 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. Diamant Asset Management Inc. boosted its position in shares of Home Depot by 33,026.3% during the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock worth $770,269,000 after acquiring an additional 2,334,956 shares in the last quarter. Finally, J. Stern & Co. LLP boosted its position in shares of Home Depot by 14,869.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after acquiring an additional 2,217,607 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.1%

HD opened at $339.22 on Monday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The business has a 50 day moving average price of $326.96 and a two-hundred day moving average price of $345.22. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The company has a market cap of $338.24 billion, a PE ratio of 24.09, a P/E/G ratio of 3.91 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Analyst Ratings Changes

HD has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Bank of America assumed coverage on Home Depot in a research note on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price for the company. UBS Group lowered their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Truist Financial dropped their price target 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. Finally, Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.