FUKOKU MUTUAL LIFE INSURANCE Co Sells 43,568 Shares of The Home Depot, Inc. $HD

Key Points

• FUKOKU MUTUAL LIFE INSURANCE Co sharply reduced its Home Depot stake by 91.9% in the fourth quarter, selling 43,568 shares and ending with 3,834 shares worth about $1.32 million.
• Home Depot reported Q1 earnings and revenue above expectations, with EPS of $3.43 versus $3.41 expected and revenue of $41.77 billion, up 4.8% year over year. The company also issued FY 2026 EPS guidance of 14.690 to 15.278.
• The retailer announced a quarterly dividend of $2.33 per share, payable June 18, implying a 2.9% yield. Meanwhile, analysts maintain a Moderate Buy consensus with a price target of $371.39.

FUKOKU MUTUAL LIFE INSURANCE Co cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 91.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,834 shares of the home improvement retailer's stock after selling 43,568 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co's holdings in Home Depot were worth $1,319,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HD. Parvin Asset Management LLC increased its position 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 purchasing an additional 33 shares during the last quarter. Key Capital Management INC purchased a new stake in shares of Home Depot during the 4th quarter valued at $28,000. Financially Speaking Inc purchased a new stake in shares of Home Depot during the 3rd quarter valued at $31,000. Navalign LLC purchased a new position in Home Depot in the fourth quarter valued at about $31,000. Finally, Disciplined Equity Management Inc. purchased a new position in Home Depot in the fourth quarter valued at about $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Shares of HD stock opened at $321.34 on Friday. The stock has a market capitalization of $320.07 billion, a P/E ratio of 22.82, a PEG ratio of 3.67 and a beta of 1.00. 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 firm's 50 day moving average is $324.97 and its 200 day moving average is $349.99. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to analysts' expectations of $41.59 billion. During the same period in the prior year, the company posted $3.56 EPS. The business's revenue for the quarter 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. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot's dividend payout ratio is currently 66.19%.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. DA Davidson dropped their target price on shares of Home Depot from $445.00 to $377.00 and set a "buy" rating on the stock in a research note on Tuesday, May 19th. KeyCorp reiterated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, February 25th. BNP Paribas Exane dropped their target price on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 19th. Jefferies Financial Group dropped their target price on shares of Home Depot from $454.00 to $361.00 and set a "buy" rating on the stock in a research note on Tuesday, May 19th. Finally, Daiwa Securities Group boosted their target price on shares of Home Depot from $360.00 to $390.00 and gave the company a "neutral" rating in a research note on Thursday, February 26th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned 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 price target of $371.39.

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.

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