The Home Depot, Inc. $HD is Infusive Asset Management Inc.’s 9th Largest Position

Infusive Asset Management Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 54.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,770 shares of the home improvement retailer’s stock after purchasing an additional 9,491 shares during the quarter. Home Depot comprises 3.9% of Infusive Asset Management Inc.’s portfolio, making the stock its 9th biggest holding. Infusive Asset Management Inc.’s holdings in Home Depot were worth $9,212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advocate Investing Services LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $25,000. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% during the 3rd 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 purchased a new position in Home Depot during the 4th quarter valued at $28,000. Navalign LLC purchased a new position in Home Depot during the 4th quarter valued at $31,000. Finally, Disciplined Equity Management Inc. purchased a new position in Home Depot during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HD shares. Bank of America started coverage on Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective for the company. Jefferies Financial Group dropped their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Argus dropped their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Piper Sandler dropped their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Gordon Haskett boosted their price objective on Home Depot from $320.00 to $330.00 in a report on Friday. 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 company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Price Performance

Shares of HD stock opened at $328.37 on Friday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a market capitalization of $327.42 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 3.79 and a beta of 0.97. The stock has a fifty day simple moving average of $322.44 and a two-hundred day simple moving average of $347.04. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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.