HighTower Advisors LLC Sells 24,629 Shares of The Home Depot, Inc. $HD

HighTower Advisors LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 923,920 shares of the home improvement retailer’s stock after selling 24,629 shares during the period. HighTower Advisors LLC’s holdings in Home Depot were worth $317,921,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Parvin Asset Management LLC lifted its stake in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Key Capital Management INC purchased a new position in Home Depot in the 4th quarter worth approximately $28,000. Financially Speaking Inc bought a new stake in Home Depot in the third quarter valued at approximately $31,000. Navalign LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $31,000. Finally, Disciplined Equity Management Inc. purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $34,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on HD shares. Wells Fargo & Company cut their target price on shares of Home Depot from $420.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday. Robert W. Baird increased their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price target on shares of Home Depot in a report on Wednesday, March 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research report on Friday, March 27th. Finally, Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Sunday. Twenty 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. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.34.

Home Depot Stock Performance

Shares of HD stock opened at $299.98 on Tuesday. The firm has a market capitalization of $298.79 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 3.43 and a beta of 1.00. The stock has a fifty day moving average of $330.53 and a 200 day moving average of $353.57. The Home Depot, Inc. has a 52 week low of $296.88 and a 52 week high of $426.75. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the previous year, the firm earned $3.13 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 3.1%. Home Depot’s payout ratio is currently 65.50%.

Key Home Depot News

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

• Positive Sentiment: Some analysts still see upside potential, with Barclays remaining constructive on Home Depot amid improving fundamentals and easier comparisons, while other commentary suggests the company could benefit if housing activity stabilizes. Barclays Bullish on Home Depot Inc. (HD) amid Improving Fundamentals and Comparisons
• Positive Sentiment: Several previews argue the upcoming earnings report could reveal stronger-than-expected performance and potentially reset expectations higher if Home Depot shows resilience in sales and profitability. Home Depot’s Next Earnings Report on May 19 Could Send the Stock Soaring. Here’s Why.
• Neutral Sentiment: Wall Street expects a big post-earnings move, with options traders pricing in a sizable swing around the results, but that reflects uncertainty rather than a clear directional catalyst. Home Depot (HD) Stock Options Traders Are Pricing In a $15 Price Swing after Earnings
• Negative Sentiment: Piper Sandler said demand trends remain sluggish and trimmed its price target slightly, reinforcing concerns that Home Depot’s near-term sales growth could stay muted. Home Depot (HD) Faces Sluggish Demand Trends, Says Piper Sandler
• Negative Sentiment: Oppenheimer cut its price target sharply to $310 and moved to a market-perform rating, signaling more caution ahead of earnings as investors worry about housing weakness and consumer pressure. Semi And Options Mania Collide With Bond Rout Ahead Of Earnings From Nvidia, Home Depot, Walmart
• Negative Sentiment: Multiple previews say Home Depot may lower full-year guidance when it reports, which would likely pressure the stock if management confirms softer demand and margin headwinds. Home Depot, Lowe’s Seen Trimming Full-Year Outlook as Macro Pressures Build, Oppenheimer Says

Insider Transactions at Home Depot

In other Home Depot news, 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 sale, the chief financial officer directly owned 44,566 shares in the company, 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 at this link. 0.08% of the stock is currently owned by insiders.

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.