Keybank National Association OH Grows Stock Holdings in The Home Depot, Inc. $HD

Keybank National Association OH lifted its stake in The Home Depot, Inc. (NYSE:HD) by 2.7% during the first quarter, HoldingsChannel.com reports. The firm owned 423,584 shares of the home improvement retailer’s stock after purchasing an additional 11,089 shares during the quarter. Keybank National Association OH’s holdings in Home Depot were worth $139,313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advocate Investing Services LLC bought a new stake in Home Depot in the fourth quarter worth $25,000. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Cache Advisors LLC bought a new position in Home Depot in the 1st quarter worth about $27,000. Key Capital Management INC purchased a new stake in Home Depot during the 4th quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in Home Depot during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HD. Robert W. Baird decreased their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. TD Cowen reduced their price target on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Truist Financial decreased their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Citigroup lowered their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Mizuho cut their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Stock Up 2.0%

Shares of Home Depot stock opened at $357.73 on Friday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month 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 company’s 50 day moving average is $323.60 and its 200 day moving average is $345.74. The company has a market cap of $356.69 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 4.05 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 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The business 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 firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is 66.19%.

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.