Securian Asset Management Inc. Sells 20,984 Shares of The Home Depot, Inc. $HD

Securian Asset Management Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 43.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,066 shares of the home improvement retailer’s stock after selling 20,984 shares during the period. Securian Asset Management Inc.’s holdings in Home Depot were worth $9,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HD. Family Legacy Inc. increased its stake in Home Depot by 0.3% in the fourth quarter. Family Legacy Inc. now owns 15,327 shares of the home improvement retailer’s stock valued at $5,274,000 after purchasing an additional 41 shares in the last quarter. Strait & Sound Wealth Management LLC increased its stake in Home Depot by 10.3% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 8,718 shares of the home improvement retailer’s stock valued at $3,000,000 after purchasing an additional 811 shares in the last quarter. Pure Financial Advisors LLC increased its stake in Home Depot by 1.0% in the fourth quarter. Pure Financial Advisors LLC now owns 15,380 shares of the home improvement retailer’s stock valued at $5,292,000 after purchasing an additional 159 shares in the last quarter. Osprey Private Wealth LLC increased its stake in Home Depot by 16.9% in the fourth quarter. Osprey Private Wealth LLC now owns 28,398 shares of the home improvement retailer’s stock valued at $9,772,000 after purchasing an additional 4,103 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC increased its stake in Home Depot by 67.9% in the fourth quarter. Dynamic Wealth Strategies LLC now owns 660 shares of the home improvement retailer’s stock valued at $227,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other 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 in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HD has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Piper Sandler decreased their price target on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 price target on shares of Home Depot in a research note on Wednesday, March 25th. Jefferies Financial Group lifted their price target on shares of Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Truist Financial set a $424.00 price objective on shares of Home Depot in a report on Tuesday, February 24th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $410.86.

Home Depot News Roundup

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.
• 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 NYSE HD opened at $317.43 on Monday. The stock has a market capitalization of $316.17 billion, a P/E ratio of 22.31, a P/E/G ratio of 3.66 and a beta of 1.00. The company has a 50-day moving average price of $339.65 and a 200-day moving average price of $357.57. The Home Depot, Inc. has a 1 year low of $310.40 and a 1 year high of $426.75. 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) 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 analysts’ consensus estimates of $2.52 by $0.20. The firm had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the company earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a dividend of $2.33 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, March 12th. Home Depot’s dividend payout ratio is 65.50%.

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.