Cullen Frost Bankers Inc. Reduces Holdings in The Home Depot, Inc. $HD

Cullen Frost Bankers Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,464 shares of the home improvement retailer’s stock after selling 24,223 shares during the period. Cullen Frost Bankers Inc.’s holdings in Home Depot were worth $61,409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its stake in Home Depot by 8.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,889 shares of the home improvement retailer’s stock worth $1,338,000 after buying an additional 301 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Home Depot during the 4th quarter worth $255,000. Saranac Partners Ltd increased its stake in Home Depot by 8.1% during the 4th quarter. Saranac Partners Ltd now owns 998 shares of the home improvement retailer’s stock worth $344,000 after buying an additional 75 shares during the period. Tredje AP fonden raised its holdings in Home Depot by 88.1% in the fourth quarter. Tredje AP fonden now owns 295,558 shares of the home improvement retailer’s stock valued at $101,702,000 after acquiring an additional 138,439 shares in the last quarter. Finally, Flynn Zito Capital Management LLC raised its holdings in Home Depot by 1.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 3,215 shares of the home improvement retailer’s stock valued at $1,106,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot beat Wall Street’s estimates on both earnings and revenue, reporting EPS of $3.43 on sales of $41.77 billion, helped by steady demand from professional customers and smaller DIY projects. Home Depot beats quarterly sales estimates on steady demand
• Positive Sentiment: The company reaffirmed its fiscal 2026 guidance, which reassured investors worried about a slowdown in home-improvement spending. Home Depot’s stock rises as the full-year outlook was kept intact, a relief for worried investors
• Neutral Sentiment: Comparable sales rose 0.6% overall and 0.4% in the U.S., showing modest growth but also confirming that demand is improving only gradually. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
• Neutral Sentiment: Management said consumers are still feeling pressure from higher gas prices and affordability concerns, and the company noted that stronger second-half growth may depend more on normal storm activity than on a broad consumer recovery. Home Depot CFO: ‘No question’ consumers feel the effects of high gas prices, affordability pressures
• Negative Sentiment: Several analysts trimmed price targets after the report, reflecting caution about slower housing-related spending and limited near-term growth. Home Depot price target updates

Analyst Ratings Changes

Several analysts recently issued reports on HD shares. Piper Sandler cut their price target on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Friday. Guggenheim upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Gordon Haskett cut their price target on shares of Home Depot from $395.00 to $330.00 in a report on Friday, May 8th. UBS Group reaffirmed an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. Finally, Bank of America began coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price target on the stock. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $392.45.

Home Depot Stock Up 0.8%

HD stock opened at $302.23 on Wednesday. The firm has a fifty day moving average price of $329.41 and a two-hundred day moving average price of $353.04. The firm has a market cap of $301.03 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 3.46 and a beta of 1.00. 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 Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts predict that The Home Depot, Inc. will post 15.02 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given 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 dividend yield of 3.1%. The ex-dividend date was Thursday, March 12th. Home Depot’s payout ratio is currently 65.50%.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction dated 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 owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

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.