BNP Paribas Purchases 17,711 Shares of The Home Depot, Inc. $HD

BNP Paribas boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 55.3% during the 4th quarter, HoldingsChannel reports. The fund owned 49,714 shares of the home improvement retailer’s stock after buying an additional 17,711 shares during the quarter. BNP Paribas’ holdings in Home Depot were worth $17,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC increased its stake in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the period. Key Capital Management INC bought a new position in Home Depot during the fourth quarter worth about $28,000. Financially Speaking Inc bought a new position in Home Depot during the third quarter worth about $31,000. Navalign LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $31,000. Finally, Disciplined Equity Management Inc. bought a new position in shares of Home Depot in the fourth quarter valued at approximately $34,000. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Daiwa Securities Group increased their price target on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. HSBC decreased their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Robert W. Baird dropped their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. UBS Group dropped their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, Guggenheim restated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $371.39.

Home Depot Price Performance

HD stock opened at $310.58 on Tuesday. The stock has a 50-day moving average price of $324.35 and a two-hundred day moving average price of $349.17. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The stock has a market cap of $309.68 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 3.66 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

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.