Cinctive Capital Management LP Has $22.79 Million Stake in The Home Depot, Inc. $HD

Cinctive Capital Management LP grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 35.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,244 shares of the home improvement retailer’s stock after acquiring an additional 14,775 shares during the period. Home Depot accounts for approximately 1.1% of Cinctive Capital Management LP’s investment portfolio, making the stock its 13th biggest holding. Cinctive Capital Management LP’s holdings in Home Depot were worth $22,790,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Financially Speaking Inc bought a new stake in shares of Home Depot during the 3rd quarter valued at about $31,000. Sagard Holdings Management Inc. acquired a new stake in Home Depot during the second quarter worth approximately $29,000. Imprint Wealth LLC bought a new stake in Home Depot in the third quarter worth approximately $34,000. Dougherty Wealth Advisers LLC bought a new stake in Home Depot in the third quarter worth approximately $38,000. Finally, AXS Investments LLC acquired a new position in Home Depot in the third quarter valued at approximately $38,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 0.0%

Home Depot stock opened at $338.84 on Friday. The firm has a market capitalization of $337.32 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 12.19 and a beta of 1.09. The firm’s fifty day moving average price is $373.81 and its two-hundred day moving average price is $376.59. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The company has a current ratio of 1.06, a quick ratio of 0.26 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 the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the previous year, the firm posted $3.13 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business 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 dividend of $2.33 per share. The ex-dividend date of this dividend 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 is presently 65.50%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. DA Davidson boosted their target price on shares of Home Depot from $407.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Truist Financial set a $424.00 target price on shares of Home Depot in a research note on Tuesday, February 24th. Daiwa Securities Group raised their price target on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Finally, The Goldman Sachs Group decreased their price target on shares of Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $416.00.

Key Home Depot News

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

• Positive Sentiment: TD Cowen reiterated a Buy rating on HD, a vote of confidence from a major shop that can support investor sentiment and help stabilize the stock. TD Cowen Keeps Their Buy Rating on Home Depot (HD)
• Positive Sentiment: Home Depot is rolling out real‑time delivery tracking and other digital tools aimed at pros (material lists, quotes), which should boost repeat/pro sales and margins over time. This operational progress is being cited as a reason analysts still see upside. “Focus on Improving Customer Experience”: Home Depot Stock Notches Up as Live Tracking Gets Fleshed Out
• Positive Sentiment: New exclusive merchandising (Back to the Roots’ Organic Mushroom Compost at Home Depot) expands seasonal/garden assortments and supports in‑store traffic and SKU differentiation. Back to the Roots Expands Organic Soil Portfolio with Launch of Organic Mushroom Compost Exclusively at The Home Depot
• Neutral Sentiment: HD is a “trending” search on Zacks — useful for sentiment/flow but not a directional fundamental catalyst; Zacks also issued its Q1 earnings outlook, which investors will watch against results. The Home Depot, Inc. (HD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Some outlets note analysts are “conflicted” — a mix of Buy and Hold ratings and diverging price targets increases volatility but also means upside if housing or rates improve. Analysts Conflicted on These Consumer Cyclical Names: Cracker Barrel (CBRL) and Home Depot (HD)
• Negative Sentiment: Recent loss‑prevention/PR incidents (“pretty privilege” testing) and related headlines have pressured the stock and raised short‑term reputational and operational risk. “Pretty Privilege” Tests Send Home Depot Stock Slumping
• Negative Sentiment: Macroeconomic headwinds — US CPI rose 0.3% in Feb and high mortgage rates — are cited as weighing on renovation demand and consumer discretionary exposure, a clear negative for HD’s top line. US CPI Up 0.3% in February: Consumer Discretionary ETFs to Watch
• Negative Sentiment: Analyses flag softer home‑improvement demand and valuation pressure after recent headlines; these factors explain the recent share decline and raise the bar for near‑term catalysts. Assessing Home Depot (HD) Valuation After Loss Prevention Headlines And Softer Home Improvement Demand

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction that occurred on 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 owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

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.