Erste Asset Management GmbH Sells 33,639 Shares of The Home Depot, Inc. $HD

Erste Asset Management GmbH lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 23.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 111,808 shares of the home improvement retailer’s stock after selling 33,639 shares during the period. Erste Asset Management GmbH’s holdings in Home Depot were worth $38,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Parvin Asset Management LLC lifted its stake in 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 acquiring an additional 33 shares during the period. Key Capital Management INC bought a new position in Home Depot during the 4th quarter valued at about $28,000. Financially Speaking Inc bought a new position in Home Depot during the 3rd quarter valued at about $31,000. Navalign LLC bought a new position in Home Depot during the 4th quarter valued at about $31,000. Finally, Disciplined Equity Management Inc. bought a new position in Home Depot during the 4th quarter valued at about $34,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several research analyst reports. Truist Financial lowered their target price 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. Sanford C. Bernstein restated a “market perform” rating and set a $346.00 target price on shares of Home Depot in a research note on Wednesday, May 20th. HSBC reduced their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings lowered shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Piper Sandler reduced their price target on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $371.36.

Home Depot Price Performance

NYSE HD opened at $310.73 on Monday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The firm has a market capitalization of $309.83 billion, a P/E ratio of 22.07, a PEG ratio of 3.59 and a beta of 0.97. 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 50-day moving average price of $322.95 and a 200-day moving average price of $347.66.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating 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 firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the firm earned $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. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.

About Home Depot

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.