Legal & General Group Plc reduced its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,114,371 shares of the home improvement retailer’s stock after selling 66,794 shares during the period. Home Depot makes up about 0.5% of Legal & General Group Plc’s investment portfolio, making the stock its 27th biggest position. Legal & General Group Plc’s holdings in Home Depot were worth $2,103,955,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Parvin Asset Management LLC raised its holdings in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Financially Speaking Inc bought a new position in Home Depot in the 3rd quarter worth $31,000. Key Capital Management INC bought a new position in Home Depot in the 4th quarter worth $28,000. Imprint Wealth LLC bought a new position in Home Depot in the 3rd quarter worth $34,000. Finally, Navalign LLC bought a new position in Home Depot in the 4th quarter worth $31,000. 70.86% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on HD. Wells Fargo & Company decreased their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday. Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a report on Monday. Guggenheim reaffirmed a “buy” rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday. Truist Financial decreased their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Finally, Morgan Stanley decreased their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.39.
Key Stories Impacting Home Depot
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot’s comparable sales are holding up better than feared, with one report noting comps are now catching up to Lowe’s, which could support a stronger relative performance if that trend continues. Home Depot comps finally catch Lowe’s, opening the door for the stock to do the same
- Positive Sentiment: Analysts and market commentators continue to describe Home Depot as a high-quality, lower-risk name in retail, and some note the post-earnings selloff may have gone too far relative to the company’s fundamentals. 5 Best Low Risk Stocks to Buy in 2026
- Positive Sentiment: Home Depot’s quarterly dividend was raised to $2.33 per share, reinforcing management’s confidence and supporting the stock’s income appeal. The Home Depot Declares Quarterly Dividend of $2.33
- Neutral Sentiment: Recent earnings showed Home Depot beat expectations on revenue and EPS, but management commentary still pointed to ongoing consumer and housing-market headwinds, with fewer transactions offsetting a stronger average ticket. Home Depot Revenue Beats as Housing Headwinds Weigh on Earnings
- Neutral Sentiment: Several analysts turned more cautious after earnings by cutting price targets, signaling that expectations remain tempered even though ratings stayed constructive. DA Davidson and RBC Capital Markets Turn More Cautious on Home Depot (HD) after Earnings
- Negative Sentiment: Commentary continues to emphasize that higher interest rates and weak housing activity are weighing on big-ticket home-improvement demand, which limits near-term upside for HD. Jim Cramer on Home Depot: “Anything Connected to Housing Gets Hurt by Higher Rates”
Home Depot Price Performance
NYSE:HD opened at $313.18 on Monday. The company has a quick ratio of 0.26, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The business’s 50-day simple moving average is $326.94 and its two-hundred day simple moving average is $351.63. The stock has a market cap of $311.94 billion, a PE ratio of 22.24, a P/E/G ratio of 3.62 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.02 EPS for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.
Insider Buying and Selling
In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
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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