VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,230 shares of the home improvement retailer’s stock after selling 3,960 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Home Depot were worth $16,252,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares during the period. Capital Research Global Investors lifted its stake in shares of Home Depot by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock worth $4,619,229,000 after acquiring an additional 30,739 shares during the period. Wellington Management Group LLP lifted its stake in shares of Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after acquiring an additional 3,836,051 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Home Depot by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer’s stock worth $4,104,694,000 after acquiring an additional 197,211 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Home Depot by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer’s stock worth $2,504,546,000 after acquiring an additional 116,875 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.
Key Headlines Impacting Home Depot
- Positive Sentiment: J.P. Morgan reaffirmed a Buy on Home Depot, citing resilient spring demand, strength among professional customers, and continued momentum in big-ticket sales. Analyst Reaffirms Buy on Home Depot, Citing Resilient Spring Demand, Pro Strength, and Big-Ticket Sales Momentum
- Positive Sentiment: Some investors continue to see Home Depot’s dividend as a draw, with recent coverage highlighting it as a high-quality blue-chip income stock. The Home Depot (HD) – Among the 12 Best Blue Chip Dividend Stocks to Buy Now
- Positive Sentiment: Mortgage rates hit a five-week high, but buyers are returning to the housing market, which could support demand for home-improvement spending and benefit Home Depot. Mortgage Rates Hit Five-Week Highs—But Homebuyers Are Returning, Boosting Home Depot, Lowe’s And Other Builders
- Neutral Sentiment: Truist lowered its price target on Home Depot to $394 from $424, but kept a Buy rating, signaling continued confidence despite a more cautious valuation view. Truist Cuts Price Target on Home Depot to $394 from $424, Keeps Buy Rating
- Neutral Sentiment: Several articles note that Home Depot has been trading down ahead of earnings, reflecting investor caution rather than a clear change in the company’s fundamentals. Blue-Chip Stock Seeing a Pre-Earnings Pullback
- Negative Sentiment: Analysts expect Home Depot to report a decline in earnings, and recent previews suggest the upcoming results may not be strong enough to quickly reverse the stock’s recent weakness. Analysts Estimate Home Depot (HD) to Report a Decline in Earnings: What to Look Out for
- Negative Sentiment: Broader housing-sector weakness is weighing on sentiment across home-improvement and building names, keeping pressure on HD even as the market overall holds up. Housing Stocks Are in Depression Mode. Whirlpool Down 81%, Lennar Crashed 54% While the S&P 500 Soars.
Home Depot Stock Down 2.5%
HD stock opened at $302.65 on Thursday. The Home Depot, Inc. has a 12 month low of $299.27 and a 12 month high of $426.75. The firm has a market cap of $301.45 billion, a PE ratio of 21.27, a P/E/G ratio of 3.58 and a beta of 1.00. The firm has a 50 day simple moving average of $334.45 and a 200 day simple moving average of $355.37. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26.
Home Depot (NYSE:HD – Get Free Report) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. During the same period in the prior year, the business earned $3.13 earnings per share. The business’s quarterly revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.
Home Depot Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a dividend of $2.33 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on HD. Truist Financial reduced their price target on shares of Home Depot from $424.00 to $394.00 and set a “buy” rating for the company in a research note on Wednesday. Robert W. Baird upped their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Bank of America began coverage on shares of Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price target for the company. Jefferies Financial Group upped their price target on shares of Home Depot from $424.00 to $454.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, Morgan Stanley upped their price target on shares of Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $408.10.
Read Our Latest Report on Home Depot
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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