Infusive Asset Management Inc. Raises Stock Holdings in The Home Depot, Inc. $HD

Infusive Asset Management Inc. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 54.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,770 shares of the home improvement retailer’s stock after purchasing an additional 9,491 shares during the quarter. Home Depot comprises 3.9% of Infusive Asset Management Inc.’s portfolio, making the stock its 9th biggest holding. Infusive Asset Management Inc.’s holdings in Home Depot were worth $9,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC raised its stake in Home Depot by 110.0% during 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 stake in Home Depot during the 4th quarter valued at approximately $28,000. Navalign LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $31,000. Finally, Disciplined Equity Management Inc. bought a new stake in Home Depot during the 4th quarter valued at approximately $34,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HD shares. Citigroup reduced their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. HSBC reduced their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock 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 on the stock in a research note on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Bank of America started coverage on Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Stock Performance

NYSE:HD opened at $328.37 on Friday. 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 Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The stock’s 50 day simple moving average is $322.44 and its two-hundred day simple moving average is $347.04. The company has a market cap of $327.42 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.79 and a beta of 0.97.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. 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.