The Home Depot, Inc. $HD Shares Purchased by RiverFront Investment Group LLC

RiverFront Investment Group LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,008 shares of the home improvement retailer’s stock after acquiring an additional 1,796 shares during the period. RiverFront Investment Group LLC’s holdings in Home Depot were worth $4,820,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sapient Capital LLC increased its position in Home Depot by 1.3% in the 4th quarter. Sapient Capital LLC now owns 73,558 shares of the home improvement retailer’s stock valued at $25,468,000 after acquiring an additional 931 shares during the period. North Dakota State Investment Board acquired a new position in Home Depot in the 4th quarter valued at about $11,750,000. Rossmore Private Capital increased its position in Home Depot by 23.7% in the 4th quarter. Rossmore Private Capital now owns 34,914 shares of the home improvement retailer’s stock valued at $12,014,000 after acquiring an additional 6,682 shares during the period. Eubel Brady & Suttman Asset Management Inc. increased its position in Home Depot by 1.3% in the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer’s stock valued at $733,000 after acquiring an additional 27 shares during the period. Finally, Abacus Wealth Partners LLC increased its position in Home Depot by 19.3% in the 4th quarter. Abacus Wealth Partners LLC now owns 821 shares of the home improvement retailer’s stock valued at $283,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Telsey Advisory reiterated a Buy rating on Home Depot, suggesting at least one Wall Street firm still sees value in the shares despite recent volatility.
• Positive Sentiment: Some commentary has highlighted Home Depot as a potential beneficiary if housing turnover and mortgage-rate conditions improve, which could support future sales and earnings.
• Neutral Sentiment: Investors are watching Home Depot closely ahead of earnings on May 19, with articles focusing on whether pro demand, digital tools, and repair projects can offset a weaker housing backdrop.
• Neutral Sentiment: Jim Cramer said Home Depot can perform well in a lower-rate environment, but also noted the stock needs stronger housing turnover to really accelerate.
• Negative Sentiment: Sanford C. Bernstein cut its price target on Home Depot to $365 from $390 and kept a Market Perform rating, reflecting a more cautious view on near-term upside.
• Negative Sentiment: A new class-action lawsuit reportedly pressured the stock, adding legal uncertainty at an already sensitive time for investors.
• Negative Sentiment: Recent pre-earnings pullback and broader worries about housing turnover have also weighed on sentiment, helping explain why Home Depot stock has been moving lower.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HD. Robert W. Baird boosted their price target on Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Evercore dropped their price target on Home Depot from $425.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. BNP Paribas Exane dropped their price target on Home Depot from $391.00 to $348.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Daiwa Securities Group boosted their price target on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, Bank of America initiated coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price target on the stock. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $405.66.

Home Depot Price Performance

Shares of HD opened at $297.34 on Monday. The Home Depot, Inc. has a twelve month low of $296.88 and a twelve month high of $426.75. The stock’s 50 day moving average is $331.77 and its two-hundred day moving average is $354.17. The firm has a market capitalization of $296.16 billion, a PE ratio of 20.90, a P/E/G ratio of 3.43 and a beta of 1.00. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62.

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

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $2.33 dividend. 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%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is presently 65.50%.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

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.