North Dallas Bank & Trust Co. Invests $1.18 Million in The Home Depot, Inc. $HD

North Dallas Bank & Trust Co. purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, Holdings Channel.com reports. The fund purchased 3,429 shares of the home improvement retailer’s stock, valued at approximately $1,180,000.

Other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC raised its holdings in shares of Home Depot by 110.0% during 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. Key Capital Management INC acquired a new position in shares of Home Depot during the 4th quarter worth $28,000. Financially Speaking Inc acquired a new position in shares of Home Depot during the 3rd quarter worth $31,000. Navalign LLC acquired a new position in shares of Home Depot during the 4th quarter worth $31,000. Finally, Disciplined Equity Management Inc. acquired a new position in shares of Home Depot during the 4th quarter worth $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

More Home Depot News

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

• Positive Sentiment: Home Depot shares are getting a lift from a reported legal win in Texas that may reduce liability risk tied to an independent-contractor shipping dispute, which investors see as a small but welcome reduction in legal overhang. Article Title
• Positive Sentiment: Investors are also encouraged by Home Depot’s Pro growth strategy, including continued expansion of SRS Distribution and its recent HVAC acquisition, which supports the company’s push into higher-growth trade categories. Article Title
• Positive Sentiment: Recent commentary continues to frame HD as a potential dip-buy, with analysts pointing to its strong franchise and long-term positioning despite a weak housing backdrop. Article Title
• Neutral Sentiment: Home Depot’s recent quarterly results were solid, with revenue up 4.8% year over year and earnings slightly ahead of expectations, but management’s outlook still reflects a challenging housing environment.
• Negative Sentiment: Broader concerns about valuation and softer big-ticket remodeling demand remain a headwind, which could limit upside if housing activity stays sluggish. Article Title

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen lowered their price target on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Evercore reduced their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. DA Davidson reduced their price objective on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Mizuho reduced their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, Piper Sandler reduced their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Nineteen equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $371.36.

Home Depot Trading Up 3.7%

Shares of HD stock opened at $321.26 on Wednesday. The firm has a market capitalization of $320.33 billion, a P/E ratio of 22.82, a P/E/G ratio of 3.57 and a beta of 0.97. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The stock’s fifty day simple moving average is $322.58 and its 200 day simple moving average is $347.38.

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, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the previous year, the company posted $3.56 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

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.