Janus Henderson Group PLC Purchases 4,921 Shares of The Home Depot, Inc. $HD

Janus Henderson Group PLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,086,962 shares of the home improvement retailer’s stock after buying an additional 4,921 shares during the quarter. Janus Henderson Group PLC’s holdings in Home Depot were worth $718,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gator Capital Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $3,693,000. King Luther Capital Management Corp grew its position in shares of Home Depot by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after buying an additional 7,180 shares during the period. Carnegie Investment Counsel grew its position in shares of Home Depot by 24.8% during the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock worth $37,268,000 after buying an additional 21,545 shares during the period. Savvy Advisors Inc. grew its position in shares of Home Depot by 36.0% during the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock worth $6,703,000 after buying an additional 5,152 shares during the period. Finally, Mariner LLC grew its position in shares of Home Depot by 3.7% during the 3rd quarter. Mariner LLC now owns 1,136,584 shares of the home improvement retailer’s stock worth $460,544,000 after buying an additional 40,693 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. 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 report on Wednesday, May 20th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Guggenheim reaffirmed a “buy” rating and set a $425.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $365.00 target price on shares of Home Depot in a research report on Tuesday, May 19th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Trading Down 2.8%

NYSE HD opened at $327.69 on Thursday. The firm has a market capitalization of $326.74 billion, a P/E ratio of 23.27, a PEG ratio of 3.89 and a beta of 0.97. The business has a fifty day simple moving average of $322.94 and a 200 day simple moving average of $346.63. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. 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 quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period 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, analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared 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 of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

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.