Northbridge Financial Group LLC Acquires New Holdings in The Home Depot, Inc. $HD

Northbridge Financial Group LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,694 shares of the home improvement retailer’s stock, valued at approximately $927,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after buying an additional 1,325,748 shares in the last quarter. Capital Research Global Investors grew its position in Home Depot by 0.3% during the third quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock worth $4,619,229,000 after buying an additional 30,739 shares in the last quarter. Wellington Management Group LLP grew its stake in 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 buying an additional 3,836,051 shares in the last quarter. Fisher Asset Management LLC grew its stake in 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 buying an additional 197,211 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in 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 buying an additional 116,875 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot beat Wall Street’s estimates on both earnings and revenue, reporting EPS of $3.43 on sales of $41.77 billion, helped by steady demand from professional customers and smaller DIY projects. Home Depot beats quarterly sales estimates on steady demand
• Positive Sentiment: The company reaffirmed its fiscal 2026 guidance, which reassured investors worried about a slowdown in home-improvement spending. Home Depot’s stock rises as the full-year outlook was kept intact, a relief for worried investors
• Neutral Sentiment: Comparable sales rose 0.6% overall and 0.4% in the U.S., showing modest growth but also confirming that demand is improving only gradually. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
• Neutral Sentiment: Management said consumers are still feeling pressure from higher gas prices and affordability concerns, and the company noted that stronger second-half growth may depend more on normal storm activity than on a broad consumer recovery. Home Depot CFO: ‘No question’ consumers feel the effects of high gas prices, affordability pressures
• Negative Sentiment: Several analysts trimmed price targets after the report, reflecting caution about slower housing-related spending and limited near-term growth. Home Depot price target updates

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Stifel Nicolaus cut their price target on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday. Wolfe Research reiterated an “outperform” rating and issued a $365.00 price objective on shares of Home Depot in a report on Tuesday. Piper Sandler cut their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Friday. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Finally, Citigroup dropped their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $392.45.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

Home Depot Trading Up 0.8%

NYSE:HD opened at $302.23 on Wednesday. The company has a 50-day moving average price of $329.41 and a 200-day moving average price of $353.04. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The stock has a market cap of $301.03 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 3.46 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.02 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 3.1%. Home Depot’s dividend payout ratio is 65.50%.

Home Depot Profile

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.