National Bank of Canada FI Acquires 162,096 Shares of The Home Depot, Inc. $HD

National Bank of Canada FI raised its holdings in The Home Depot, Inc. (NYSE:HD) by 21.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 934,023 shares of the home improvement retailer’s stock after purchasing an additional 162,096 shares during the quarter. National Bank of Canada FI owned 0.09% of Home Depot worth $321,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Advocate Investing Services LLC bought a new position in Home Depot in the 4th quarter valued at $25,000. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Key Capital Management INC bought a new position in Home Depot in the 4th quarter valued at $28,000. Abound Financial LLC bought a new position in Home Depot in the 4th quarter valued at $29,000. Finally, Navalign LLC bought a new position in Home Depot in the 4th quarter valued at $31,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HD shares. Sanford C. Bernstein restated a “market perform” rating and issued a $346.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Piper Sandler reduced their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. JPMorgan Chase & Co. dropped their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Finally, Gordon Haskett upped their price target on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Up 2.1%

Shares of NYSE HD opened at $336.85 on Wednesday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The business’s fifty day moving average price is $322.91 and its 200-day moving average price is $346.83. The stock has a market capitalization of $335.88 billion, a PE ratio of 23.92, a P/E/G ratio of 3.81 and a beta of 0.97.

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, topping analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio 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.