North Dakota State Investment Board Makes New Investment in The Home Depot, Inc. $HD

North Dakota State Investment Board purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 34,147 shares of the home improvement retailer’s stock, valued at approximately $11,750,000. Home Depot accounts for about 0.4% of North Dakota State Investment Board’s investment portfolio, making the stock its 29th largest position.

A number of other large investors also recently bought and sold shares of the stock. Rossmore Private Capital raised its stake in Home Depot by 23.7% during the fourth quarter. Rossmore Private Capital now owns 34,914 shares of the home improvement retailer’s stock worth $12,014,000 after purchasing an additional 6,682 shares during the period. Eubel Brady & Suttman Asset Management Inc. raised its stake in shares of 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. Abacus Wealth Partners LLC raised its stake in shares of 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. Kinsale Capital Group Inc. raised its stake in shares of Home Depot by 5.2% in the 4th quarter. Kinsale Capital Group Inc. now owns 31,677 shares of the home improvement retailer’s stock valued at $10,900,000 after acquiring an additional 1,566 shares during the period. Finally, Macroview Investment Management LLC raised its stake in shares of Home Depot by 0.3% in the 4th quarter. Macroview Investment Management LLC now owns 11,109 shares of the home improvement retailer’s stock valued at $3,823,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wolfe Research raised their target price on shares of Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. TD Cowen reissued a “buy” rating on shares of Home Depot in a research note on Thursday, March 12th. Royal Bank Of Canada raised their target price on shares of Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 25th. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, UBS Group reissued an “outperform” rating on shares of Home Depot in a research note on Tuesday, March 24th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $405.66.

Home Depot Stock Performance

NYSE:HD opened at $297.34 on Monday. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The firm has a 50-day moving average of $331.77 and a two-hundred day moving average of $354.17. The stock has a market cap of $296.16 billion, a P/E ratio of 20.90, a PEG ratio of 3.43 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $296.88 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last posted 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. The company 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 for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 3.1%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Key Headlines 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.

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.