Generali Investments Towarzystwo Funduszy Inwestycyjnych Purchases Shares of 2,600 The Home Depot, Inc. $HD

Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in The Home Depot, Inc. (NYSE:HD) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,600 shares of the home improvement retailer’s stock, valued at approximately $855,000.

A number of other large investors have also modified their holdings of HD. GHP Investment Advisors Inc. increased its holdings in Home Depot by 10.3% during the 1st quarter. GHP Investment Advisors Inc. now owns 17,131 shares of the home improvement retailer’s stock worth $5,634,000 after purchasing an additional 1,603 shares during the period. Independent Wealth Network Inc. boosted its stake in shares of Home Depot by 4.6% in the 1st quarter. Independent Wealth Network Inc. now owns 1,197 shares of the home improvement retailer’s stock valued at $394,000 after buying an additional 53 shares during the period. Grey Ledge Advisors LLC grew its position in shares of Home Depot by 0.3% during the first quarter. Grey Ledge Advisors LLC now owns 10,954 shares of the home improvement retailer’s stock worth $3,603,000 after buying an additional 32 shares in the last quarter. Pegasus Asset Management Inc. grew its position in shares of Home Depot by 4.1% during the first quarter. Pegasus Asset Management Inc. now owns 12,180 shares of the home improvement retailer’s stock worth $4,006,000 after buying an additional 478 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its position in shares of Home Depot by 3.1% during the first quarter. Aaron Wealth Advisors LLC now owns 10,263 shares of the home improvement retailer’s stock worth $3,376,000 after buying an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HD. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. The Goldman Sachs Group dropped their price objective on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Royal Bank Of Canada decreased their price objective on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 20th. Telsey Advisory Group lowered their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Finally, Guggenheim reaffirmed a “buy” rating and set a $425.00 price target on shares of Home Depot in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Trading Up 1.0%

Shares of Home Depot stock opened at $348.60 on Friday. 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 company has a fifty day simple moving average of $322.98 and a 200-day simple moving average of $345.78. The stock has a market cap of $347.60 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 4.03 and a beta of 0.97. 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 announced its quarterly 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period last year, the business earned $3.56 EPS. Home Depot’s revenue for the quarter was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given 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 dividend yield of 2.7%. Home Depot’s 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.