Diamant Asset Management Inc. Acquires 2,334,956 Shares of The Home Depot, Inc. $HD

Diamant Asset Management Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 33,026.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,342,026 shares of the home improvement retailer’s stock after buying an additional 2,334,956 shares during the quarter. Home Depot accounts for 2.5% of Diamant Asset Management Inc.’s portfolio, making the stock its 10th largest position. Diamant Asset Management Inc.’s holdings in Home Depot were worth $770,269,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Advocate Investing Services LLC purchased a new position in Home Depot in the fourth quarter valued at about $25,000. Parvin Asset Management LLC lifted its stake in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC purchased a new stake in shares of Home Depot in the first quarter worth about $27,000. Key Capital Management INC purchased a new stake in shares of Home Depot in the fourth quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot in the first quarter valued at about $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $348.60 on Monday. The firm has a fifty day moving average of $322.98 and a two-hundred day moving average of $345.75. The firm has a market cap of $347.60 billion, a P/E ratio of 24.76, a P/E/G ratio of 4.03 and a beta of 0.97. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-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.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the business posted $3.56 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio is presently 66.19%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HD. Telsey Advisory Group dropped their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Citigroup lowered their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Evercore dropped their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Weiss Ratings cut shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus 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.