Cornerstone Wealth Management LLC Purchases 4,561 Shares of The Home Depot, Inc. $HD

Cornerstone Wealth Management LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 73.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,747 shares of the home improvement retailer’s stock after purchasing an additional 4,561 shares during the period. Cornerstone Wealth Management LLC’s holdings in Home Depot were worth $3,698,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Johnson & White Wealth Management LLC raised its stake in Home Depot by 4.8% in the fourth quarter. Johnson & White Wealth Management LLC now owns 4,864 shares of the home improvement retailer’s stock valued at $1,674,000 after buying an additional 224 shares during the period. Granite Bay Wealth Management LLC lifted its position in shares of Home Depot by 20.2% in the fourth quarter. Granite Bay Wealth Management LLC now owns 20,986 shares of the home improvement retailer’s stock valued at $7,222,000 after buying an additional 3,527 shares during the last quarter. Flavin Financial Services Inc. boosted its stake in shares of Home Depot by 5.3% during the 4th quarter. Flavin Financial Services Inc. now owns 7,888 shares of the home improvement retailer’s stock worth $2,714,000 after acquiring an additional 400 shares during the period. Clarion Wealth Managment Partners LLC increased its holdings in shares of Home Depot by 0.5% during the 4th quarter. Clarion Wealth Managment Partners LLC now owns 5,332 shares of the home improvement retailer’s stock worth $1,835,000 after acquiring an additional 28 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Home Depot by 24.4% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 459 shares of the home improvement retailer’s stock worth $174,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds 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: Telsey Advisory reiterated its Buy rating on Home Depot, adding to the view that the company remains a quality name ahead of earnings. Telsey Advisory Sticks to Their Buy Rating for Home Depot (HD)
• Positive Sentiment: Several market comments pointed to improving spring demand, stronger Pro customer activity, and continued big-ticket sales momentum, which could help offset housing-market weakness. Analyst Reaffirms Buy on Home Depot, Citing Resilient Spring Demand, Pro Strength, and Big-Ticket Sales Momentum
• Positive Sentiment: Mortgage rates moved to five-week highs, but reports noted that homebuyers are still returning, which is a constructive sign for home-improvement demand and HD’s long-term sales outlook. Mortgage Rates Hit Five-Week Highs—But Homebuyers Are Returning, Boosting Home Depot, Lowe’s And Other Builders
• Neutral Sentiment: Investors are focused on Home Depot’s upcoming first-quarter earnings on May 19, with analysts watching whether sales growth, Pro demand, and digital tools can offset continued pressure from the weak housing market. Home Depot to Post Q1 Earnings: Is Now the Right Time to Invest?
• Neutral Sentiment: Wall Street cut some price targets, including Sanford C. Bernstein and Truist, but both firms kept constructive ratings overall, suggesting valuation concerns rather than a major change in the long-term outlook. Price target updates on Home Depot
• Negative Sentiment: Home Depot has been hit by a pre-earnings pullback as investors worry that housing turnover remains too weak to drive a near-term acceleration in DIY spending. Blue-Chip Stock Seeing a Pre-Earnings Pullback
• Negative Sentiment: Broader housing-sector weakness continues to weigh on sentiment, with analysts noting that Home Depot’s business is sensitive to slower housing turnover and higher rates. Jim Cramer on Home Depot: “It Needs Housing Turnover”

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’s 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 sale, the chief financial officer 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 SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

Home Depot Trading Up 0.6%

Shares of HD stock opened at $304.46 on Friday. The stock has a market cap of $303.25 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 3.49 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $299.27 and a 1 year 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 50 day simple moving average of $333.21 and a 200 day simple moving average of $354.79.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.

Home Depot Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on HD. DA Davidson raised their price target on Home Depot from $407.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Evercore decreased their price objective on shares of Home Depot from $425.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Daiwa Securities Group raised their target price on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Morgan Stanley lifted their target price on shares of Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $405.69.

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.