OLD Republic International Corp Acquires Shares of 33,000 The Home Depot, Inc. $HD

OLD Republic International Corp acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, Holdings Channel reports. The fund acquired 33,000 shares of the home improvement retailer’s stock, valued at approximately $11,638,000.

Other hedge funds have also recently bought and sold shares of the company. Somerset Trust Co grew its stake in shares of Home Depot by 0.9% in the 2nd quarter. Somerset Trust Co now owns 8,363 shares of the home improvement retailer’s stock worth $2,949,000 after acquiring an additional 74 shares in the last quarter. CX Institutional lifted its position in shares of Home Depot by 4.8% during the second quarter. CX Institutional now owns 28,690 shares of the home improvement retailer’s stock valued at $10,118,000 after purchasing an additional 1,303 shares in the last quarter. First County Bank CT lifted its position in shares of Home Depot by 1.6% during the second quarter. First County Bank CT now owns 4,373 shares of the home improvement retailer’s stock valued at $1,542,000 after purchasing an additional 69 shares in the last quarter. Miller Global Investments LLC boosted its holdings in Home Depot by 60.0% during the second quarter. Miller Global Investments LLC now owns 725 shares of the home improvement retailer’s stock worth $256,000 after purchasing an additional 272 shares during the last quarter. Finally, First Financial Bank Trust Division grew its position in Home Depot by 2.2% in the 2nd quarter. First Financial Bank Trust Division now owns 2,862 shares of the home improvement retailer’s stock worth $1,009,000 after purchasing an additional 62 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD opened at $339.74 on Tuesday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock’s 50-day simple moving average is $332.95 and its 200 day simple moving average is $343.58. 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 $338.76 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 3.83 and a beta of 0.95.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the prior year, the company 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. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s payout ratio is 66.19%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group cut their target price on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Piper Sandler dropped their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Truist Financial cut their price objective on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Wells Fargo & Company reduced their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Finally, Gordon Haskett lifted their target price on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

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.