SVB Wealth LLC lowered its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 5.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 45,859 shares of the home improvement retailer’s stock after selling 2,608 shares during the quarter. Home Depot comprises 0.9% of SVB Wealth LLC’s investment portfolio, making the stock its 22nd biggest position. SVB Wealth LLC’s holdings in Home Depot were worth $15,780,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Silphium Asset Management Ltd lifted its holdings in Home Depot by 77.2% in the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock valued at $5,488,000 after purchasing an additional 5,900 shares in the last quarter. Truist Financial Corp lifted its holdings in Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after purchasing an additional 3,608 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Home Depot by 59.9% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock valued at $43,533,000 after purchasing an additional 40,232 shares in the last quarter. Carnegie Investment Counsel lifted its holdings in Home Depot by 24.8% in the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after purchasing an additional 21,545 shares in the last quarter. Finally, Savvy Advisors Inc. lifted its holdings in Home Depot by 36.0% in the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after purchasing an additional 5,152 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on HD. DA Davidson lifted their price target on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Royal Bank Of Canada lifted their price target on Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Gordon Haskett reduced their price target on Home Depot from $395.00 to $330.00 in a report on Friday. UBS Group reiterated an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. Finally, Wall Street Zen lowered Home Depot from a “hold” rating to a “sell” rating in a report on Saturday. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned 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 target price of $410.86.
Insider Transactions at Home Depot
In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.
Home Depot News Summary
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Erste Group Bank slightly raised its FY2028 EPS estimate for Home Depot to $16.30 from $16.26, suggesting longer-term earnings expectations are still edging higher. Home Depot analyst estimate update
- Neutral Sentiment: Home Depot was mentioned in an analyst-trending roundup, but the item does not provide a meaningful new catalyst by itself. Home Depot trending with analysts
- Neutral Sentiment: A story about a burrito business operating in a Home Depot parking lot is colorful but not directly material to Home Depot’s fundamentals or earnings outlook. Burrito spot in Home Depot parking lot
- Negative Sentiment: Gordon Haskett cut its price target on Home Depot to $330 from $395, which may have reinforced investor concern that the stock’s near-term upside is more limited than previously expected. Gordon Haskett price target cut
Home Depot Stock Down 0.0%
Shares of HD opened at $317.43 on Monday. The firm has a market cap of $316.17 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 3.66 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $310.40 and a 12-month high of $426.75. The company’s 50-day moving average price is $339.65 and its 200 day moving average price is $357.57. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62.
Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. Home Depot’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.03 earnings per share for the current year.
Home Depot Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a $2.33 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s payout ratio is presently 65.50%.
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.
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