Tema ETFs LLC Grows Stock Holdings in The Home Depot, Inc. $HD

Tema ETFs LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.1% in the second quarter, HoldingsChannel.com reports. The firm owned 19,021 shares of the home improvement retailer’s stock after acquiring an additional 1,740 shares during the quarter. Tema ETFs LLC’s holdings in Home Depot were worth $6,708,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HD. Advocate Investing Services LLC purchased a new stake in Home Depot during the 4th quarter worth about $25,000. Parvin Asset Management LLC increased its holdings in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Cache Advisors LLC purchased a new position in shares of Home Depot in the 1st quarter valued at about $27,000. Key Capital Management INC acquired a new stake in shares of Home Depot during the 4th quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot during the 1st quarter worth about $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.8%

Home Depot stock opened at $353.65 on Wednesday. The stock has a 50 day moving average of $337.39 and a two-hundred day moving average of $342.43. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a market capitalization of $352.63 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 4.05 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last released 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 return on equity of 117.24% and a net margin of 8.41%.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 previous year, the company posted $3.56 earnings per share. The company’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. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced 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. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is 66.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Evercore dropped their price target 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. BNP Paribas Exane dropped their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Stifel Nicolaus dropped their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Truist Financial cut their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Eighteen equities 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.14.

About Home Depot

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.