State of Wisconsin Investment Board Cuts Stock Position in The Home Depot, Inc. $HD

State of Wisconsin Investment Board cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 516,039 shares of the home improvement retailer’s stock after selling 6,832 shares during the period. State of Wisconsin Investment Board’s holdings in Home Depot were worth $177,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. &PARTNERS increased its stake in Home Depot by 22.7% during the fourth quarter. &PARTNERS now owns 242,882 shares of the home improvement retailer’s stock worth $83,527,000 after purchasing an additional 44,886 shares during the period. Siemens Fonds Invest GmbH increased its stake in shares of Home Depot by 5.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 26,072 shares of the home improvement retailer’s stock worth $9,030,000 after buying an additional 1,308 shares during the period. National Bank of Canada FI increased its stake in shares of Home Depot by 21.0% during the fourth quarter. National Bank of Canada FI now owns 934,023 shares of the home improvement retailer’s stock worth $321,393,000 after buying an additional 162,096 shares during the period. Mangrove Partners IM LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $962,000. Finally, Graham Capital Management L.P. increased its stake in shares of Home Depot by 67.1% during the fourth quarter. Graham Capital Management L.P. now owns 32,408 shares of the home improvement retailer’s stock worth $11,152,000 after buying an additional 13,008 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock opened at $336.85 on Wednesday. The firm has a market capitalization of $335.88 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.81 and a beta of 0.97. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week 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 firm’s 50 day moving average is $322.91 and its two-hundred day moving average is $346.83.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Daiwa Securities Group upped their target price on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Citigroup cut their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. DA Davidson cut their target price on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Finally, Telsey Advisory Group cut their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

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.