Mizuho Markets Cayman LP Acquires 4,677 Shares of The Home Depot, Inc. $HD

Mizuho Markets Cayman LP grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 38.9% in the 2nd quarter, Holdings Channel reports. The fund owned 16,688 shares of the home improvement retailer’s stock after buying an additional 4,677 shares during the period. Mizuho Markets Cayman LP’s holdings in Home Depot were worth $5,886,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Parvin Asset Management LLC lifted its stake in Home Depot by 110.0% in 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. Advocate Investing Services LLC bought a new position in shares of Home Depot in the 4th quarter valued at $25,000. Cache Advisors LLC bought a new position in shares of Home Depot in the 1st quarter valued at $27,000. Imprint Wealth LLC acquired a new stake in shares of Home Depot during the 3rd quarter valued at $34,000. Finally, Abound Financial LLC bought a new stake in Home Depot during the 4th quarter worth $29,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and set a $398.00 price target on shares of Home Depot in a research note on Tuesday. DA Davidson reiterated a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a report on Wednesday. TD Cowen reiterated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group dropped their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $375.54.

Trending Headlines about Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Q2 beat expectations: Adjusted EPS was $4.92 versus the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, exceeding estimates of roughly $47.2 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales improved: Total comparable sales increased 1.7%, the best performance since 2022, with U.S. comps up 1.3%. Smaller repair, maintenance and DIY projects helped offset weakness in large renovations. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Pro and digital momentum: Professional-customer demand, project activity and record online sales supported results. Nationwide Express Delivery, using more than 2,000 stores as local fulfillment hubs, could improve convenience, order frequency and customer retention. The Home Depot expands nationwide express delivery
• Positive Sentiment: Analyst support: Guggenheim, Argus and DA Davidson reaffirmed Buy ratings, with price targets ranging from $377 to $425, suggesting additional upside if the housing market recovers.

Home Depot Trading Up 1.9%

NYSE HD opened at $343.91 on Thursday. The stock has a market capitalization of $342.92 billion, a P/E ratio of 24.07, a P/E/G ratio of 4.06 and a beta of 0.95. The business has a 50 day simple moving average of $340.56 and a 200 day simple moving average of $340.77. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.28. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

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.