The Home Depot, Inc. $HD Shares Sold by Korea Investment CORP

Korea Investment CORP cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 792,548 shares of the home improvement retailer’s stock after selling 7,573 shares during the period. Home Depot makes up 0.5% of Korea Investment CORP’s holdings, making the stock its 27th biggest holding. Korea Investment CORP owned 0.08% of Home Depot worth $272,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Advocate Investing Services LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC grew its position in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Key Capital Management INC purchased a new position in Home Depot in the fourth quarter worth approximately $28,000. Navalign LLC acquired a new stake in Home Depot during the fourth quarter worth $31,000. Finally, Disciplined Equity Management Inc. purchased a new stake in Home Depot in the fourth quarter valued at $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD opened at $328.37 on Friday. The stock has a 50-day simple moving average of $322.44 and a 200-day simple moving average of $347.04. 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 stock has a market capitalization of $327.42 billion, a PE ratio of 23.32, a PEG ratio of 3.76 and a beta of 0.97. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The business 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%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HD shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $346.00 price target on shares of Home Depot in a research note on Wednesday, May 20th. Stifel Nicolaus lowered their price target on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. HSBC lowered 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. BNP Paribas Exane lowered their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group lowered their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $371.36.

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.