Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 99,470 Shares of The Home Depot, Inc. $HD

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in The Home Depot, Inc. (NYSE:HD) by 62.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 259,680 shares of the home improvement retailer’s stock after purchasing an additional 99,470 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Home Depot were worth $85,406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advocate Investing Services LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC raised its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. Key Capital Management INC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Home Depot in the first quarter valued at $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $357.73 on Friday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. 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 firm’s 50-day simple moving average is $323.97 and its 200 day simple moving average is $345.83. The firm has a market cap of $356.69 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 4.13 and a beta of 0.95.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm posted $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. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HD shares. Morgan Stanley lowered 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. Sanford C. Bernstein restated a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Jefferies Financial Group dropped their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. DA Davidson cut their target price on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Finally, Mizuho lowered their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.