MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd Has $5.60 Million Holdings in The Home Depot, Inc. $HD

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 20.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,878 shares of the home improvement retailer’s stock after buying an additional 2,655 shares during the period. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in Home Depot were worth $5,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Home Depot during the 4th quarter worth about $4,850,329,000. Wellington Management Group LLP lifted its stake in shares of Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the period. Cardano Risk Management B.V. boosted its position in shares of Home Depot by 901.5% during the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after purchasing an additional 2,961,979 shares in the last quarter. Diamant Asset Management Inc. boosted its position in shares of Home Depot by 33,026.3% during the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after purchasing an additional 2,334,956 shares in the last quarter. Finally, J. Stern & Co. LLP boosted its position in shares of Home Depot by 14,869.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after purchasing an additional 2,217,607 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of research analyst reports. HSBC lowered their target price on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, May 20th. Robert W. Baird cut their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. DA Davidson reaffirmed a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research report on Wednesday. Citigroup lowered their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Piper Sandler cut their target price on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Eighteen equities 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $375.54.

More Home Depot News

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

• Positive Sentiment: Home Depot reported quarterly revenue of $47.86 billion and adjusted earnings of $4.92 per share, exceeding analyst expectations. Revenue increased 5.7% year over year, supported by professional-customer demand, project activity and improved digital fulfillment. Home Depot Q2 Earnings Call Spotlights Pro Momentum and Cost Pressures
• Positive Sentiment: Analysts at BofA, UBS and other firms viewed the results as evidence of stronger execution and potential growth ahead of a broader home-improvement recovery. Several analysts reaffirmed Buy ratings, including DA Davidson, Argus and Guggenheim, with price targets ranging from $377 to $425. Home Depot’s Q2 Results Show Solid Execution Amid Tough Housing Backdrop, BofA Says
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3, providing continued income support for investors. The Home Depot Declares Quarterly Dividend of $2.33
• Neutral Sentiment: Home Depot expanded express delivery nationwide from local stores, a move aimed at capturing smaller, convenience-driven projects as customers defer large renovations. Home Depot offers nationwide express delivery from local stores
• Negative Sentiment: Elevated mortgage rates continue to discourage home moves and major remodeling projects, shifting spending toward maintenance rather than higher-ticket purchases. Analysts also warned that a $730 million tariff refund largely offset higher fuel, energy and operating costs, limiting its benefit to earnings. Home Depot’s $730 million tariff refund was largely offset by rising costs
• Negative Sentiment: Investor sentiment remains mixed: RBC lowered its price target to $342 and maintained a Sector Perform rating, while commentary cautioned that the earnings beat does not yet signal a broad housing recovery. Home Depot faces uphill battle amid a growing customer problem

Home Depot Stock Down 2.9%

Shares of NYSE:HD opened at $334.28 on Friday. The business’s 50 day simple moving average is $340.71 and its two-hundred day simple moving average is $340.49. The firm has a market cap of $333.32 billion, a P/E ratio of 23.39, a PEG ratio of 4.49 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.28 and a current ratio of 1.08. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

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.