IFP Advisors Inc Cuts Holdings in The Home Depot, Inc. $HD

IFP Advisors Inc lowered its position in The Home Depot, Inc. (NYSE:HD) by 17.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,133 shares of the home improvement retailer’s stock after selling 5,627 shares during the quarter. IFP Advisors Inc’s holdings in Home Depot were worth $10,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Home Depot in the 2nd quarter worth about $4,885,603,000. Laurel Wealth Advisors LLC grew its holdings in shares of Home Depot by 36,207.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after purchasing an additional 10,049,029 shares during the period. Wellington Management Group LLP grew its holdings in shares of Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares during the period. Franklin Resources Inc. increased its position in Home Depot by 37.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock worth $1,542,278,000 after purchasing an additional 1,040,577 shares in the last quarter. Finally, Amundi increased its position in Home Depot by 11.1% during the 2nd quarter. Amundi now owns 7,903,550 shares of the home improvement retailer’s stock worth $2,938,935,000 after purchasing an additional 790,476 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.8%

Shares of NYSE:HD opened at $328.32 on Friday. The company has a market capitalization of $326.84 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 3.62 and a beta of 1.09. The company has a 50 day moving average of $372.63 and a two-hundred day moving average of $374.81. The Home Depot, Inc. has a 52-week low of $324.63 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 posted its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion for 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 business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a $2.33 dividend. The ex-dividend date is Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is presently 65.50%.

Insider Transactions at Home Depot

In other Home Depot 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 value 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 represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Rollout of Pro digital platform and AI project‑management tools — HD is expanding its Pro digital experience to give contractors a unified workspace, automation and AI features aimed at improving productivity, stickiness and repeat business. This could help improve professional customer retention and margin mix over time. Article Title
• Positive Sentiment: Marketing push tied to FIFA World Cup 2026 — Partnership with David Beckham and related sweepstakes/promotions aim to drive seasonal backyard and outdoor living demand, which can boost traffic and average ticket in spring/summer. Article Title
• Positive Sentiment: Brick‑and‑mortar expansion — Announced plan to open 12 U.S. stores in 2026, adding ~1.6M+ sq. ft., supporting long‑term growth of store footprint and sales capacity. Article Title
• Neutral Sentiment: Analysts remain mixed — Coverage shows conflicting views on consumer cyclical names including HD; market opinion is not uniform, leaving potential for upgrades/downgrades to move the stock. Article Title
• Neutral Sentiment: Battery recycling coverage — Stories note growing battery recycling markets where HD sells batteries, but this is peripheral to core home improvement revenue and not an immediate earnings driver. Article Title
• Negative Sentiment: Share‑price reassessment after recent weakness — Coverage highlights a 7‑ and 30‑day decline and questions over whether HD at current levels is fairly valued given softer comps; that narrative is prompting short‑term selling pressure. Article Title
• Negative Sentiment: Unusually large put‑option activity — Elevated put buying indicates increased bearish positioning and hedging by traders, which can amplify downside moves and volatility.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Wall Street Zen cut shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Gordon Haskett increased their price objective on shares of Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a research report on Wednesday, February 11th. DA Davidson raised their target price on shares of Home Depot from $407.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Jefferies Financial Group lifted their target price on shares of Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, Daiwa Securities Group upped their price target on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. 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 company’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.00.

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.