Fiera Capital Corp Acquires 2,888 Shares of The Home Depot, Inc. $HD

Fiera Capital Corp raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,512 shares of the home improvement retailer’s stock after purchasing an additional 2,888 shares during the quarter. Fiera Capital Corp’s holdings in Home Depot were worth $10,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC raised its position in shares of 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 acquiring an additional 33 shares during the last quarter. Key Capital Management INC acquired a new position in shares of Home Depot during the 4th quarter worth about $28,000. Financially Speaking Inc acquired a new position in shares of Home Depot during the 3rd quarter worth about $31,000. Navalign LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $31,000. Finally, Disciplined Equity Management Inc. acquired a new position in shares of Home Depot during the 4th quarter worth about $34,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on HD shares. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Evercore reduced their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. The Goldman Sachs Group reduced their price objective on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Finally, Piper Sandler reduced their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $371.36.

Home Depot Stock Down 0.3%

Home Depot stock opened at $309.97 on Tuesday. The stock has a market cap of $309.08 billion, a P/E ratio of 22.02, a P/E/G ratio of 3.59 and a beta of 0.97. 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 twelve month low of $289.10 and a twelve month high of $426.75. The company’s 50-day moving average price is $322.58 and its two-hundred day moving average price is $347.48.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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.