Hodges Capital Management Inc. Acquires 4,109 Shares of The Home Depot, Inc. $HD

Hodges Capital Management Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 15.5% during the fourth quarter, HoldingsChannel reports. The fund owned 30,689 shares of the home improvement retailer’s stock after purchasing an additional 4,109 shares during the quarter. Hodges Capital Management Inc.’s holdings in Home Depot were worth $10,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellspring Financial Advisors LLC raised its holdings in Home Depot by 91.5% during the 4th quarter. Wellspring Financial Advisors LLC now owns 2,153 shares of the home improvement retailer’s stock valued at $741,000 after acquiring an additional 1,029 shares during the period. RM Financial Services LLC bought a new stake in Home Depot during the 4th quarter valued at $560,000. J.Safra Asset Management Corp raised its holdings in Home Depot by 88.6% during the 4th quarter. J.Safra Asset Management Corp now owns 3,737 shares of the home improvement retailer’s stock valued at $1,286,000 after acquiring an additional 1,756 shares during the period. Janney Montgomery Scott LLC raised its holdings in Home Depot by 3.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 451,541 shares of the home improvement retailer’s stock valued at $155,376,000 after acquiring an additional 15,593 shares during the period. Finally, Paragon Private Wealth Management LLC raised its holdings in Home Depot by 6.8% during the 4th quarter. Paragon Private Wealth Management LLC now owns 2,784 shares of the home improvement retailer’s stock valued at $958,000 after acquiring an additional 177 shares during the period. Institutional investors own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Analysts and commentators are highlighting Home Depot as a high-quality long-term compounder with a strong competitive moat, which can support buying interest on weakness. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Coverage is focused on Home Depot’s Pro expansion strategy, including recent acquisitions such as Mingledorff’s, SRS, and GMS, which could deepen its contractor/logistics platform and expand cross-selling opportunities. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Jim Cramer said Home Depot looks like “a good level,” which may encourage dip-buying from retail investors and traders. Jim Cramer on Home Depot: “I Think That This Is a Good Level”
• Positive Sentiment: Home Depot continues to draw “buy” and “outperform” calls from Wall Street, reinforcing confidence in the stock’s longer-term earnings power. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Positive Sentiment: Recent reporting also points to a legal win that may reduce liability risk, while broader market rotation into non-tech names is benefiting retailers like Home Depot. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Neutral Sentiment: Several articles are more promotional or commentary-driven than fundamentally new, so they may be adding to investor optimism without changing the core business outlook. My Favorite S&P 500 Stock to Buy During the Dip
• Negative Sentiment: Some recent coverage notes that cyclical economic pressures have hurt Home Depot’s results, which remains a headwind for the stock even amid positive long-term commentary. My Favorite S&P 500 Stock to Buy During the Dip

Analyst Ratings Changes

A number of equities research analysts have issued reports on HD shares. Oppenheimer lowered their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Wells Fargo & Company reduced their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. TD Cowen dropped their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, BNP Paribas Exane reduced their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Nineteen equities research 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’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $371.36.

Home Depot Price Performance

Home Depot stock opened at $319.80 on Thursday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The business has a 50-day simple moving average of $322.51 and a 200 day simple moving average of $347.29. 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 stock has a market cap of $318.88 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 3.71 and a beta of 0.97.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s payout ratio is 66.19%.

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.