The Home Depot, Inc. $HD Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,110 shares of the home improvement retailer’s stock after purchasing an additional 3,110 shares during the quarter. Home Depot comprises 0.8% of NorthCrest Asset Manangement LLC’s holdings, making the stock its 25th biggest position. NorthCrest Asset Manangement LLC’s holdings in Home Depot were worth $35,823,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Sagard Holdings Management Inc. bought a new stake in Home Depot during the 2nd quarter valued at $29,000. Financially Speaking Inc acquired a new position in Home Depot during the 3rd quarter worth $31,000. Imprint Wealth LLC acquired a new position in Home Depot during the 3rd quarter worth $34,000. Finally, Dougherty Wealth Advisers LLC bought a new position in shares of Home Depot in the third quarter worth $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot added AI-driven planning and smart project tools to its Pro platform, a direct push to win and retain professional contractor customers and improve margins for that higher-frequency segment. HD Expands Pro Platform
• Positive Sentiment: Coverage highlighting Home Depot’s milestone of $1 billion in charitable giving reinforces brand strength and community goodwill, which can support consumer preference and investor sentiment. $1 Billion Giving Milestone
• Positive Sentiment: Industry consolidation pressure: closures at independent rivals (True Value/Ace franchise stores) underscore Home Depot’s scale advantage and pricing/assortment edge in the home-improvement market. Rival Store Closure
• Neutral Sentiment: Multiple retail-investing roundup pieces compare Home Depot to other blue chips (e.g., McDonald’s), which can amplify trading volume but are not new company developments. Home Depot vs McDonald’s (AOL)
• Neutral Sentiment: Broader market moves and headlines (political comments, big-name investors buying/selling other names) are moving indices and risk appetite, which can lift or pressure cyclical retailers like HD. Market Coverage
• Negative Sentiment: Analyst and retail commentary note Home Depot is roughly 25% below its prior peak, a reminder of recent sell-off that pressurizes multiples even as dividend yield increases; this valuation reset is the primary reason value-focused articles are promoting HD as a buy. Dividend Stocks Down

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Royal Bank Of Canada upped their price objective on shares of Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Oppenheimer decreased their target price on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research report on Friday, December 5th. Citigroup raised their target price on shares of Home Depot from $407.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, KeyCorp restated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $416.00.

Insider Buying and Selling

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

Home Depot Trading Up 3.1%

Home Depot stock opened at $330.79 on Tuesday. The firm has a market cap of $329.47 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 3.50 and a beta of 1.09. The Home Depot, Inc. has a 1 year low of $320.26 and a 1 year high of $426.75. The firm’s 50 day moving average price is $370.68 and its two-hundred day moving average price is $373.18. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. During the same period in the previous year, the firm posted $3.13 EPS. The company’s quarterly revenue was down 3.8% on a year-over-year basis. 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 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a $2.33 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date is Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s payout ratio is currently 65.50%.

About Home Depot

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.