The Home Depot, Inc. $HD Shares Sold by Simmons Bank

Simmons Bank cut its stake in The Home Depot, Inc. (NYSE:HD) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,457 shares of the home improvement retailer’s stock after selling 2,594 shares during the period. Simmons Bank’s holdings in Home Depot were worth $9,104,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HD. Wellington Management Group LLP increased its position in Home Depot by 60.8% in the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after buying an additional 3,836,051 shares during the period. Vanguard Group Inc. increased its position in Home Depot by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after buying an additional 1,325,748 shares during the period. Franklin Resources Inc. increased its position in Home Depot by 37.6% in the third 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. Alyeska Investment Group L.P. acquired a new stake in Home Depot in the third quarter worth $284,893,000. Finally, ABN AMRO Bank N.V. increased its position in Home Depot by 2,427.3% in the third quarter. ABN AMRO Bank N.V. now owns 631,551 shares of the home improvement retailer’s stock worth $254,943,000 after buying an additional 606,562 shares during the period. 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: J.P. Morgan reiterated a Buy rating, citing resilient spring demand, strength in professional customers, and momentum in big-ticket sales, which supports the long-term investment case for Home Depot (HD). Article Title
• Positive Sentiment: Truist kept a Buy rating even after cutting its price target to $394 from $424, suggesting analysts still see meaningful upside from current levels. Article Title
• Neutral Sentiment: Home Depot remains a popular dividend name, with several articles highlighting its income appeal and blue-chip status, which may help limit downside for income-focused investors. Article Title
• Neutral Sentiment: Investor commentary ahead of the upcoming report is mixed, with some noting the stock may still offer value after recent weakness, while others question whether the bull case can survive the print. Article Title
• Negative Sentiment: The stock has been falling ahead of earnings, with articles pointing to a multi-day pullback and a move toward a more than two-year low, signaling bearish investor sentiment before the report. Article Title
• Negative Sentiment: Analysts are expecting a decline in earnings in the upcoming quarter, adding to concerns that housing-related weakness and softer discretionary spending could pressure results. Article Title

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was 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 owned 44,566 shares of the company’s stock, 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 SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HD has been the topic of several analyst reports. 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 target price on the stock. The Goldman Sachs Group dropped their target price on Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. BNP Paribas Exane dropped their target price 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. Sanford C. Bernstein increased their target price on Home Depot from $381.00 to $390.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Finally, Guggenheim increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $408.10.

Home Depot Trading Down 2.5%

NYSE:HD opened at $302.65 on Thursday. The Home Depot, Inc. has a 1 year low of $299.27 and a 1 year high of $426.75. The stock has a market cap of $301.45 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 3.58 and a beta of 1.00. The business has a fifty day moving average of $334.45 and a 200-day moving average of $355.37. 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 released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $38.01 billion. During the same quarter in the prior year, the business posted $3.13 earnings per share. The company’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. Equities analysts predict that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid 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 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is 65.50%.

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.