Goldenstone Wealth Management LLC Takes $879,000 Position in The Home Depot, Inc. $HD

Goldenstone Wealth Management LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,553 shares of the home improvement retailer’s stock, valued at approximately $879,000.

A number of other hedge funds also recently made changes to their positions in HD. Parvin Asset Management LLC grew its holdings in shares of Home Depot by 110.0% in the 3rd 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 last quarter. Financially Speaking Inc bought a new stake in shares of Home Depot in the 3rd quarter worth about $31,000. Key Capital Management INC bought a new stake in shares of Home Depot in the 4th quarter worth about $28,000. Imprint Wealth LLC bought a new stake in shares of Home Depot in the 3rd quarter worth about $34,000. Finally, Navalign LLC bought a new stake in shares of Home Depot in the 4th quarter worth about $31,000. 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 reported Q1 fiscal 2026 earnings and revenue above Wall Street estimates, with sales rising 4.8% year over year to $41.8 billion and comparable sales also turning positive. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
• Positive Sentiment: The company said demand from professional contractors remained solid, and management pointed to digital gains and distribution expansion as offsets to weakness in large renovation projects. HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Positive Sentiment: Despite the softer housing backdrop, Home Depot reaffirmed its fiscal 2026 outlook, which reassured investors that management still expects stable performance rather than a sharp slowdown. HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Neutral Sentiment: Several analysts cut price targets after the report, but most kept bullish or neutral ratings, suggesting expectations were reset rather than turning outright negative. These Analysts Cut Their Forecasts On Home Depot After Q1 Results
• Negative Sentiment: Profit fell year over year as cost growth outpaced revenue, highlighting margin pressure and a still-challenged consumer spending environment. Home Depot Q1 profit falls as cost growth outpaces revenue
• Negative Sentiment: Wall Street also flagged risks to 2026 guidance from weak housing turnover, affordability pressure, and delayed big-home-improvement projects, which could limit upside from here. Home Depot Faces Risk of Missing 2026 Guidance on Cost, Demand Outlook Headwinds, RBC Says

Insider Activity

In related news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HD shares. Jefferies Financial Group lowered their target price on shares of Home Depot from $454.00 to $361.00 and set a “buy” rating on the stock in a report on Tuesday. Bank of America assumed coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price on the stock. Mizuho decreased their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday. Robert W. Baird lowered their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Truist Financial reduced their target price on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $372.29.

Home Depot Stock Up 2.7%

Shares of HD opened at $310.66 on Thursday. The firm has a market capitalization of $309.42 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 3.49 and a beta of 1.00. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.26 and a current ratio of 1.04. The business’s fifty day moving average price is $328.56 and its two-hundred day moving average price is $352.55. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $2.33 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s payout ratio is 65.50%.

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.