Illinois Municipal Retirement Fund Acquires 2,394 Shares of The Home Depot, Inc. $HD

Illinois Municipal Retirement Fund increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,862 shares of the home improvement retailer’s stock after purchasing an additional 2,394 shares during the period. Illinois Municipal Retirement Fund’s holdings in Home Depot were worth $21,661,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Home Depot during the 4th quarter worth approximately $4,850,329,000. Wellington Management Group LLP grew its position in shares of Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after buying an additional 3,836,051 shares during the period. Cardano Risk Management B.V. increased its stake in shares of Home Depot by 901.5% in the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after acquiring an additional 2,961,979 shares in the last quarter. Diamant Asset Management Inc. increased its stake in shares of Home Depot by 33,026.3% in the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after acquiring an additional 2,334,956 shares in the last quarter. Finally, J. Stern & Co. LLP lifted its position in shares of Home Depot by 14,869.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after acquiring an additional 2,217,607 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

HD opened at $341.62 on Thursday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a market cap of $340.64 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 3.90 and a beta of 0.95. The company’s fifty day moving average price is $326.03 and its two-hundred day moving average price is $345.29. 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 quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared 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 of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HD shares. 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. Evercore decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Guggenheim reiterated a “buy” rating on shares of Home Depot in a report on Monday, June 29th. Wells Fargo & Company cut their price objective on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.