The Home Depot, Inc. $HD Shares Sold by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder AB reduced its Home Depot stake by 5.3% in the second quarter, selling 29,206 shares and retaining 522,512 shares valued at approximately $184.3 million. Institutional investors and hedge funds collectively own 70.86% of the stock.
• Analyst sentiment remains favorable but mixed, with 18 Buy ratings, 13 Holds and one Sell. Home Depot has a consensus rating of “Moderate Buy” and an average price target of $371.71.
• Home Depot exceeded quarterly expectations with adjusted earnings of $3.43 per share and revenue of $41.77 billion, while revenue rose 4.8% year over year. The company also maintains a quarterly dividend of $2.33 per share, representing a 2.7% annualized yield.

Handelsbanken Fonder AB lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 522,512 shares of the home improvement retailer's stock after selling 29,206 shares during the quarter. Handelsbanken Fonder AB owned 0.05% of Home Depot worth $184,280,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HD. Carolina Wealth Advisors LLC increased its holdings in Home Depot by 1.4% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 3,856 shares of the home improvement retailer's stock worth $1,360,000 after buying an additional 52 shares during the period. KMG Fiduciary Partners LLC boosted its holdings in shares of Home Depot by 90.0% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 11,985 shares of the home improvement retailer's stock valued at $4,227,000 after acquiring an additional 5,678 shares during the last quarter. Marquette Asset Management LLC boosted its holdings in shares of Home Depot by 51.9% in the 2nd quarter. Marquette Asset Management LLC now owns 410 shares of the home improvement retailer's stock valued at $145,000 after acquiring an additional 140 shares during the last quarter. Sage Capital Advisors llc increased its stake in shares of Home Depot by 1.9% in the second quarter. Sage Capital Advisors llc now owns 20,645 shares of the home improvement retailer's stock worth $7,281,000 after acquiring an additional 390 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Home Depot by 9.1% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,415 shares of the home improvement retailer's stock worth $2,262,000 after purchasing an additional 537 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HD shares. Weiss Ratings upgraded Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 7th. Wolfe Research downgraded Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Stifel Nicolaus dropped their target price on Home Depot from $375.00 to $320.00 and set a "hold" rating on the stock in a report on Monday, May 18th. TD Cowen reiterated a "buy" rating on shares of Home Depot in a research report on Monday. Finally, HSBC decreased 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 equities research 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $371.71.

Home Depot Price Performance

NYSE:HD opened at $350.23 on Tuesday. 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 Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The stock's 50-day moving average price is $336.54 and its 200-day moving average price is $342.65. The stock 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.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts' consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to analysts' expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot's quarterly 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 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot's dividend payout ratio is presently 66.19%.

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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