Cibc World Market Inc. Lowers Stock Holdings in The Home Depot, Inc. $HD

Cibc World Market Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 412,723 shares of the home improvement retailer’s stock after selling 12,294 shares during the period. Cibc World Market Inc.’s holdings in Home Depot were worth $142,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. King Luther Capital Management Corp increased its holdings in Home Depot by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after acquiring an additional 7,180 shares during the last quarter. Carnegie Investment Counsel increased its holdings in Home Depot by 24.8% in the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after acquiring an additional 21,545 shares during the last quarter. Savvy Advisors Inc. increased its holdings in Home Depot by 36.0% in the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after acquiring an additional 5,152 shares during the last quarter. Mariner LLC increased its holdings in Home Depot by 3.7% in the 3rd quarter. Mariner LLC now owns 1,136,584 shares of the home improvement retailer’s stock valued at $460,544,000 after acquiring an additional 40,693 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Home Depot by 320.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock valued at $3,886,000 after acquiring an additional 8,606 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HD. JPMorgan Chase & Co. reduced their price target 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. Sanford C. Bernstein restated a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Stifel Nicolaus reduced their target price 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. Gordon Haskett reduced their target price on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Finally, Morgan Stanley reduced their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.39.

Key Home Depot News

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

• Positive Sentiment: One article highlighted that a top analyst sees room for Home Depot to climb further, reinforcing a bullish case for the retailer’s long-term earnings power. How High Can Home Depot’s Stock (HD) Price Rise?
• Positive Sentiment: Coverage on Home Depot’s interconnected retail strategy said the company is boosting sales and generating double-digit online growth despite a difficult home-improvement market, which supports the growth narrative. Is Home Depot’s Interconnected Retail Strategy Paying Off?
• Positive Sentiment: A Texas Supreme Court ruling that limited shipper liability in a case involving Home Depot U.S.A. reduces one legal overhang and may be viewed as a modest risk-friendly development for investors. Texas Supreme Court Limits Shipper Liability in Trucking Crash Case
• Neutral Sentiment: Market commentary noted that Home Depot remains a stock investors are watching among home-improvement names, but it did not introduce a specific new catalyst. Home Improvement Stocks To Keep An Eye On – May 30th
• Neutral Sentiment: Another broad article about out-of-favor stocks and recent weakness reiterated that HD has fallen this year, but it mainly framed the debate as valuation versus business quality rather than signaling a fresh negative development. 3 Out-of-Favor Stocks with Open Questions
• Negative Sentiment: A piece questioning whether Home Depot is fairly priced after recent share-price weakness reflects ongoing investor caution about slower consumer spending and housing-related demand. Is It Time To Reassess Home Depot (HD) After Recent Share Price Weakness?
• Negative Sentiment: A Trefis article on how low Home Depot stock could go highlights downside risk in a market selloff, which may weigh on sentiment even though it is largely a scenario analysis. How Low Can Home Depot Stock Go?

Home Depot Stock Performance

Home Depot stock opened at $313.42 on Thursday. The company’s 50-day moving average price is $323.79 and its 200-day moving average price is $348.36. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. 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 market cap of $312.52 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 3.59 and a beta of 0.97.

Home Depot (NYSE:HD) last posted its 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. 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 for the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the firm posted $3.56 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.02 EPS for the current fiscal year.

Home Depot Dividend Announcement

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