Cambridge Investment Research Advisors Inc. Boosts Position in The Home Depot, Inc. $HD

Cambridge Investment Research Advisors Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 249,036 shares of the home improvement retailer’s stock after buying an additional 1,741 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Home Depot were worth $85,693,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Key Capital Management INC purchased a new stake in Home Depot in the fourth quarter worth $28,000. Financially Speaking Inc purchased a new stake in Home Depot in the third quarter worth $31,000. Navalign LLC purchased a new stake in Home Depot in the fourth quarter worth $31,000. Finally, Disciplined Equity Management Inc. purchased a new stake in Home Depot in the fourth quarter worth $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on HD. Truist Financial reduced their price target on Home Depot from $424.00 to $394.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank Of Canada upped their price target on Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 25th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 price target on shares of Home Depot in a research note on Wednesday, March 25th. The Goldman Sachs Group reduced their price target on Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. Finally, KeyCorp reissued a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $405.66.

Home Depot Trading Down 2.3%

Home Depot stock opened at $297.34 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The business’s fifty day simple moving average is $331.77 and its two-hundred day simple moving average is $354.39. The Home Depot, Inc. has a 12 month low of $296.88 and a 12 month high of $426.75. The company has a market capitalization of $296.16 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 3.43 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.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 company posted $3.13 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders 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 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 dividend yield of 3.1%. Home Depot’s dividend payout ratio is currently 65.50%.

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

More Home Depot News

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.

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.