Generali Investments Towarzystwo Funduszy Inwestycyjnych Acquires New Position in The Home Depot, Inc. $HD

Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,600 shares of the home improvement retailer’s stock, valued at approximately $855,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $25,000. Parvin Asset Management LLC grew its position in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC purchased a new position in Home Depot in the first quarter worth approximately $27,000. Key Capital Management INC acquired a new stake in Home Depot during the fourth quarter worth $28,000. Finally, Abound Financial LLC acquired a new stake in Home Depot during the fourth quarter worth $29,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HD shares. Bank of America started coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price on the stock. Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday. HSBC cut their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Robert W. Baird reduced their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Trading Up 1.0%

HD opened at $348.60 on Friday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The business has a fifty day simple moving average of $322.98 and a 200-day simple moving average of $345.78. 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 company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s 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.