Lansforsakringar Fondforvaltning AB publ Has $104.82 Million Position in The Home Depot, Inc. $HD

Lansforsakringar Fondforvaltning AB publ cut its holdings in The Home Depot, Inc. (NYSE:HD) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 318,717 shares of the home improvement retailer’s stock after selling 18,916 shares during the period. Home Depot comprises approximately 0.5% of Lansforsakringar Fondforvaltning AB publ’s holdings, making the stock its 25th largest position. Lansforsakringar Fondforvaltning AB publ’s holdings in Home Depot were worth $104,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Parvin Asset Management LLC lifted its stake in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the period. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $25,000. Key Capital Management INC bought a new stake in shares of Home Depot in the 4th quarter valued at $28,000. Cache Advisors LLC bought a new stake in shares of Home Depot in the 1st quarter valued at $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot during the 3rd quarter valued at $34,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Robert W. Baird cut their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Piper Sandler decreased their price target on shares of Home Depot from $422.00 to $421.00 and set an “overweight” 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. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, DA Davidson reduced their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Eighteen equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Performance

NYSE HD opened at $350.54 on Tuesday. The company has a market cap of $349.53 billion, a P/E ratio of 24.90, a PEG ratio of 4.03 and a beta of 0.97. The company has a fifty day simple moving average of $323.25 and a 200 day simple moving average of $345.79. 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 Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. The firm had revenue of $41.77 billion for 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 business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s 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.