Polar Asset Management Partners Inc. Has $10.10 Million Stock Position in The Home Depot, Inc. $HD

Polar Asset Management Partners Inc. boosted its stake in The Home Depot, Inc. (NYSE:HD) by 207.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,700 shares of the home improvement retailer’s stock after acquiring an additional 20,700 shares during the period. Polar Asset Management Partners Inc.’s holdings in Home Depot were worth $10,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HD. Advocate Investing Services LLC bought a new stake in shares of Home Depot in the 4th quarter valued at $25,000. Parvin Asset Management LLC raised its stake in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the last quarter. Cache Advisors LLC acquired a new position in Home Depot in the first quarter valued at $27,000. Key Capital Management INC acquired a new position in Home Depot in the fourth quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot during the first quarter valued at $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.0%

Shares of HD stock opened at $332.86 on Monday. The company has a market capitalization of $331.90 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.84 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The business’s fifty day moving average is $329.52 and its 200 day moving average is $344.73. 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, topping the consensus estimate of $3.41 by $0.02. The company 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%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on HD shares. Mizuho decreased their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. BNP Paribas Exane cut their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Evercore decreased their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Telsey Advisory Group reduced their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Finally, Oppenheimer decreased their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday, May 18th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.