Pinnbrook Capital Management LP Makes New Investment in The Home Depot, Inc. $HD

Pinnbrook Capital Management LP bought a new stake in The Home Depot, Inc. (NYSE:HD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,869 shares of the home improvement retailer’s stock, valued at approximately $8,051,000. Home Depot accounts for about 0.9% of Pinnbrook Capital Management LP’s portfolio, making the stock its 26th largest position.

Several other large investors also recently modified their holdings of HD. Norges Bank bought a new position in shares of Home Depot during the 2nd quarter valued at about $4,885,603,000. Laurel Wealth Advisors LLC increased its stake in Home Depot by 36,207.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after purchasing an additional 10,049,029 shares in the last quarter. Vanguard Group Inc. raised its holdings in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after buying an additional 1,494,615 shares during the period. Franklin Resources Inc. raised its holdings in Home Depot by 37.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock worth $1,542,278,000 after buying an additional 1,040,577 shares during the period. Finally, Amundi lifted its stake in Home Depot by 11.1% in the second quarter. Amundi now owns 7,903,550 shares of the home improvement retailer’s stock valued at $2,938,935,000 after buying an additional 790,476 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HD shares. Oppenheimer reduced their price target on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a report on Friday, December 5th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Jefferies Financial Group boosted their price objective on shares of Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Wolfe Research upped their target price on shares of Home Depot from $413.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Finally, KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a report on Wednesday, November 19th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

Home Depot Price Performance

NYSE HD opened at $338.84 on Friday. The firm’s 50 day moving average is $373.81 and its 200-day moving average is $376.81. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The company has a market capitalization of $337.32 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 12.18 and a beta of 1.09. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. The business 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 firm’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a dividend of $2.33 per share. The ex-dividend date is Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.

Home Depot News Roundup

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

• Positive Sentiment: TD Cowen reiterated a Buy rating on HD, a vote of confidence from a major shop that can support investor sentiment and help stabilize the stock. TD Cowen Keeps Their Buy Rating on Home Depot (HD)
• Positive Sentiment: Home Depot is rolling out real‑time delivery tracking and other digital tools aimed at pros (material lists, quotes), which should boost repeat/pro sales and margins over time. This operational progress is being cited as a reason analysts still see upside. “Focus on Improving Customer Experience”: Home Depot Stock Notches Up as Live Tracking Gets Fleshed Out
• Positive Sentiment: New exclusive merchandising (Back to the Roots’ Organic Mushroom Compost at Home Depot) expands seasonal/garden assortments and supports in‑store traffic and SKU differentiation. Back to the Roots Expands Organic Soil Portfolio with Launch of Organic Mushroom Compost Exclusively at The Home Depot
• Neutral Sentiment: HD is a “trending” search on Zacks — useful for sentiment/flow but not a directional fundamental catalyst; Zacks also issued its Q1 earnings outlook, which investors will watch against results. The Home Depot, Inc. (HD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Some outlets note analysts are “conflicted” — a mix of Buy and Hold ratings and diverging price targets increases volatility but also means upside if housing or rates improve. Analysts Conflicted on These Consumer Cyclical Names: Cracker Barrel (CBRL) and Home Depot (HD)
• Negative Sentiment: Recent loss‑prevention/PR incidents (“pretty privilege” testing) and related headlines have pressured the stock and raised short‑term reputational and operational risk. “Pretty Privilege” Tests Send Home Depot Stock Slumping
• Negative Sentiment: Macroeconomic headwinds — US CPI rose 0.3% in Feb and high mortgage rates — are cited as weighing on renovation demand and consumer discretionary exposure, a clear negative for HD’s top line. US CPI Up 0.3% in February: Consumer Discretionary ETFs to Watch
• Negative Sentiment: Analyses flag softer home‑improvement demand and valuation pressure after recent headlines; these factors explain the recent share decline and raise the bar for near‑term catalysts. Assessing Home Depot (HD) Valuation After Loss Prevention Headlines And Softer Home Improvement Demand

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.