Metis Global Partners LLC Decreases Stake in The Home Depot, Inc. $HD

Metis Global Partners LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 19.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,018 shares of the home improvement retailer’s stock after selling 11,121 shares during the period. Metis Global Partners LLC’s holdings in Home Depot were worth $15,835,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Paragon Private Wealth Management LLC lifted its position in shares of Home Depot by 6.8% in the fourth quarter. Paragon Private Wealth Management LLC now owns 2,784 shares of the home improvement retailer’s stock worth $958,000 after buying an additional 177 shares in the last quarter. First Dallas Securities Inc. lifted its position in shares of Home Depot by 11.2% in the fourth quarter. First Dallas Securities Inc. now owns 11,214 shares of the home improvement retailer’s stock worth $3,859,000 after buying an additional 1,130 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in shares of Home Depot by 59.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 3,955 shares of the home improvement retailer’s stock worth $1,361,000 after buying an additional 1,480 shares in the last quarter. Portfolio Design Labs LLC lifted its position in shares of Home Depot by 2.4% in the fourth quarter. Portfolio Design Labs LLC now owns 5,703 shares of the home improvement retailer’s stock worth $1,962,000 after buying an additional 134 shares in the last quarter. Finally, Strategic Advocates LLC raised its position in Home Depot by 6.2% during the fourth quarter. Strategic Advocates LLC now owns 843 shares of the home improvement retailer’s stock valued at $292,000 after purchasing an additional 49 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Analysts and commentators are highlighting Home Depot as a high-quality long-term compounder with a strong competitive moat, which can support buying interest on weakness. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Coverage is focused on Home Depot’s Pro expansion strategy, including recent acquisitions such as Mingledorff’s, SRS, and GMS, which could deepen its contractor/logistics platform and expand cross-selling opportunities. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Jim Cramer said Home Depot looks like “a good level,” which may encourage dip-buying from retail investors and traders. Jim Cramer on Home Depot: “I Think That This Is a Good Level”
• Positive Sentiment: Home Depot continues to draw “buy” and “outperform” calls from Wall Street, reinforcing confidence in the stock’s longer-term earnings power. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Positive Sentiment: Recent reporting also points to a legal win that may reduce liability risk, while broader market rotation into non-tech names is benefiting retailers like Home Depot. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Neutral Sentiment: Several articles are more promotional or commentary-driven than fundamentally new, so they may be adding to investor optimism without changing the core business outlook. My Favorite S&P 500 Stock to Buy During the Dip
• Negative Sentiment: Some recent coverage notes that cyclical economic pressures have hurt Home Depot’s results, which remains a headwind for the stock even amid positive long-term commentary. My Favorite S&P 500 Stock to Buy During the Dip

Home Depot Price Performance

Shares of Home Depot stock opened at $319.80 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The business has a 50-day moving average price of $322.51 and a 200 day moving average price of $347.29. The firm has a market cap of $318.88 billion, a PE ratio of 22.71, a P/E/G ratio of 3.71 and a beta of 0.97.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the previous year, the business earned $3.56 EPS. Home Depot’s revenue for the quarter was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share 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. Investors of record on Thursday, June 4th will be paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 4th. Home Depot’s payout ratio is currently 66.19%.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. UBS Group decreased their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Oppenheimer decreased their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. TD Cowen decreased their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Stifel Nicolaus decreased their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $371.36.

Home Depot Company 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.