Prominent investment firms are altering their stake in Home Depot (HD). Some are acquiring more shares while others trimmed their positions. Renowned commentator Jim Cramer reaffirmed his faith in the company, while investment group TD Cowen maintained HD's rating, assessing the prospect of a GMS acquisition. Value Partners Investments continues its significant investment in HD with a $22.35m position, and several finance firms, including Sequoia Financial Advisors and Sumitomo Mitsui Trust Group, also increased their shareholding in HD. The retailer is also reportedly engaged in a bidding war with QXO for GMS Inc., a building product distributer.
Despite some firms lowering their holdings in HD, the company's stock continues to fare well in the market. Its supply chain modernization initiative could potentially boost growth, highlighting strategic investment. The company's Q1 2025 fiscal results reaffirmed their 2025 fiscal guidance, instilling further confidence. However, questions remain about whether Home Depot's stock is accurately valued following its earnings.
Home Depot HD News Analytics from Tue, 25 Feb 2025 08:00:00 GMT to Sat, 28 Jun 2025 21:41:27 GMT - Rating 0 - Innovation 0 - Information 6 - Rumor 2
