Employees Retirement System of Texas Has $94.93 Million Stock Position in The Home Depot, Inc. $HD

Employees Retirement System of Texas reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 275,875 shares of the home improvement retailer’s stock after selling 4,287 shares during the quarter. Home Depot comprises 0.8% of Employees Retirement System of Texas’ holdings, making the stock its 29th largest holding. Employees Retirement System of Texas’ holdings in Home Depot were worth $94,929,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HD. Parvin Asset Management LLC increased its position in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Key Capital Management INC bought a new position in Home Depot in the fourth quarter worth approximately $28,000. Financially Speaking Inc acquired a new stake in Home Depot in the third quarter valued at approximately $31,000. Navalign LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $31,000. Finally, Imprint Wealth LLC bought a new stake in shares of Home Depot during the third quarter valued at approximately $34,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.8%

HD stock opened at $310.56 on Wednesday. The firm has a market capitalization of $309.33 billion, a PE ratio of 22.06, a P/E/G ratio of 3.61 and a beta of 1.00. 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 Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock’s 50 day moving average is $325.86 and its 200-day moving average is $350.69.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.02 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s dividend payout ratio is presently 66.19%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HD. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Stifel Nicolaus decreased their price target on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Wolfe Research restated an “outperform” rating and set a $365.00 price objective on shares of Home Depot in a report on Tuesday, May 19th. Gordon Haskett dropped their price objective on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Finally, TD Cowen reduced their price objective on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.39.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Home Depot News Summary

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

• Positive Sentiment: TD Cowen said Home Depot delivered solid execution in a challenging market, reinforcing the view that management is controlling what it can even as demand remains uneven. TD Cowen Says The Home Depot (HD) Delivered Solid Execution in Challenging Market
• Positive Sentiment: Analysts highlighted a bright spot in Home Depot’s earnings, pointing to a detail that suggests improving momentum in at least one part of the business and could support the company’s pro-oriented growth story. A Bright Spot in Home Depot’s Earnings
• Positive Sentiment: Home Depot’s sales recovery and the Mingledorff’s acquisition were cited as factors strengthening the company’s pro segment strategy and broader growth narrative. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story
• Neutral Sentiment: Shareholders approved governance charter amendments at the annual meeting, showing support for management but not directly changing the near-term earnings outlook. Home Depot Shareholders Approve Governance Charter Amendments
• Neutral Sentiment: Investors are still debating whether HD is attractively valued or a value trap, reflecting uncertainty around how quickly demand can improve. Home Depot stock: Wall Street says ‘buy,’ but this brutal math suggests it is a value trap
• Negative Sentiment: Connecticut lawmakers’ scrutiny of parking lot license plate readers adds another governance/privacy-related headline risk, contributing to pressure on the shares. Home Depot Stock (NYSE:HD) Slips as Connecticut Lawmakers Take a Hand in Parking Lot License Plate Readers
• Negative Sentiment: Broader commentary on cautious consumers, inflation, and debt pressure suggests the demand environment for big-ticket home improvement spending remains soft. The Careful Consumer: What Q1 Earnings Reveal—And Where Cracks May Appear (HD)

Home Depot Company 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.