The Home Depot, Inc. $HD Shares Sold by Cardano Risk Management B.V.

Key Points

• Cardano Risk Management B.V. reduced its Home Depot stake by 8.3% in the second quarter, selling 28,574 shares and retaining 316,784 shares valued at approximately $111.7 million. Institutional investors and hedge funds collectively own 70.86% of the company.
• Analysts remain broadly positive, with 18 Buy, 13 Hold and one Sell rating. However, several firms lowered their price targets, resulting in a “Moderate Buy” consensus and an average target of $371.71.
• Home Depot reported quarterly earnings of $3.43 per share and revenue of $41.77 billion, both slightly above estimates. The company also declared a quarterly dividend of $2.33 per share, equivalent to a 2.6% annualized yield.

Cardano Risk Management B.V. decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 316,784 shares of the home improvement retailer's stock after selling 28,574 shares during the period. Cardano Risk Management B.V.'s holdings in Home Depot were worth $111,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock worth $952,000 after acquiring an additional 173 shares during the period. Schnieders Capital Management LLC. raised its position in Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock worth $4,248,000 after acquiring an additional 1,433 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Home Depot in the second quarter worth $1,773,000. Finally, Financial Advisors Network Inc. lifted its holdings in Home Depot by 11.3% in the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock valued at $868,000 after acquiring an additional 241 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on HD shares. JPMorgan Chase & Co. decreased 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. Citigroup cut their price target on shares of Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada reduced their price objective on shares of Home Depot from $377.00 to $340.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 20th. Stifel Nicolaus decreased their price objective on shares of Home Depot from $375.00 to $320.00 and set a "hold" rating on the stock in a report on Monday, May 18th. Finally, Argus lowered their target price on shares of Home Depot from $425.00 to $400.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Eighteen equities 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $371.71.

Home Depot Stock Up 1.7%

HD opened at $355.41 on Friday. The business's fifty day moving average is $335.75 and its two-hundred day moving average is $343.09. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The company has a market cap of $354.39 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 4.11 and a beta of 0.95. The Home Depot, Inc. has a one year low of $289.10 and a one year 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 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 analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

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