The Home Depot, Inc. $HD Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.7% during the fourth quarter, HoldingsChannel reports. The firm owned 57,183 shares of the home improvement retailer’s stock after selling 3,435 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Home Depot were worth $19,677,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HD. Curio Wealth LLC increased its stake in Home Depot by 13.5% during the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after purchasing an additional 26 shares during the last quarter. Westfuller Advisors LLC grew its position in shares of Home Depot by 2.1% during the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after acquiring an additional 27 shares during the last quarter. Darwin Wealth Management LLC grew its position in shares of Home Depot by 0.5% during the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after acquiring an additional 27 shares during the last quarter. Alesco Advisors LLC grew its position in shares of Home Depot by 3.2% during the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after acquiring an additional 27 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida grew its position in shares of Home Depot by 1.3% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after acquiring an additional 27 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Gordon Haskett lowered their price target on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Piper Sandler lowered their price target on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Wolfe Research restated an “outperform” rating and set a $365.00 price target on shares of Home Depot in a research report on Tuesday, May 19th. Mizuho lowered their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, DA Davidson lowered their price target on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $371.36.

Home Depot Stock Performance

Shares of HD opened at $328.37 on Friday. The firm has a 50-day moving average price of $322.44 and a 200 day moving average price of $347.04. The firm has a market capitalization of $327.42 billion, a PE ratio of 23.32, a P/E/G ratio of 3.76 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 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last announced 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. The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side 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. Investors of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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.