Kinsale Capital Group Inc. Grows Position in The Home Depot, Inc. $HD

Kinsale Capital Group Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,498 shares of the home improvement retailer’s stock after purchasing an additional 1,821 shares during the quarter. Home Depot comprises 1.8% of Kinsale Capital Group Inc.’s holdings, making the stock its 21st biggest position. Kinsale Capital Group Inc.’s holdings in Home Depot were worth $11,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Norges Bank acquired a new position in shares of Home Depot in the 4th quarter valued at $4,850,329,000. Wellington Management Group LLP lifted its position in 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 acquiring an additional 3,836,051 shares during the period. Cardano Risk Management B.V. lifted its position in Home Depot by 901.5% during the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock worth $1,132,275,000 after acquiring an additional 2,961,979 shares during the period. Diamant Asset Management Inc. grew its stake in Home Depot by 33,026.3% during 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 purchasing an additional 2,334,956 shares during the last quarter. Finally, J. Stern & Co. LLP grew its stake in 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 purchasing an additional 2,217,607 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $339.22 on Friday. The stock has a market cap of $338.24 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95. The business has a 50-day simple moving average of $326.96 and a 200-day simple moving average of $345.24. 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 Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

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 the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s revenue for the quarter was up 4.8% compared to the same quarter last year. 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, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HD. Robert W. Baird reduced their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. UBS Group dropped their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. BNP Paribas Exane cut their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. DA Davidson reduced their price target on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Finally, Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target 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.