KBC Group NV Sells 36,232 Shares of The Home Depot, Inc. $HD

KBC Group NV trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 14.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 220,227 shares of the home improvement retailer’s stock after selling 36,232 shares during the quarter. KBC Group NV’s holdings in Home Depot were worth $72,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Parvin Asset Management LLC lifted its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Advocate Investing Services LLC bought a new stake in Home Depot in the 4th quarter worth about $25,000. Key Capital Management INC purchased a new position in Home Depot in the 4th quarter worth about $28,000. Cache Advisors LLC purchased a new position in Home Depot in the 1st quarter worth about $27,000. Finally, Imprint Wealth LLC bought a new position in Home Depot during the 3rd quarter valued at about $34,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 1.7%

Shares of NYSE:HD opened at $332.96 on Tuesday. The stock’s 50-day simple moving average is $327.39 and its two-hundred day simple moving average is $345.13. The stock has a market capitalization of $332.01 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 3.91 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

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 the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the firm earned $3.56 EPS. The business’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. Analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HD shares. UBS Group dropped their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Telsey Advisory Group decreased their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Sanford C. Bernstein restated a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. Evercore dropped their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.