Matrix Asset Advisors Inc. NY Purchases 2,412 Shares of The Home Depot, Inc. $HD

Matrix Asset Advisors Inc. NY lifted its position in The Home Depot, Inc. (NYSE:HD) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 50,466 shares of the home improvement retailer’s stock after purchasing an additional 2,412 shares during the quarter. Home Depot comprises about 1.6% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 27th biggest holding. Matrix Asset Advisors Inc. NY’s holdings in Home Depot were worth $17,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. Wellington Management Group LLP increased its stake in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after buying an additional 3,836,051 shares in the last quarter. Franklin Resources Inc. raised its holdings in Home Depot by 37.6% during the third quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after acquiring an additional 1,040,577 shares during the period. Amundi lifted its position in shares of Home Depot by 11.1% in the second quarter. Amundi now owns 7,903,550 shares of the home improvement retailer’s stock valued at $2,938,935,000 after acquiring an additional 790,476 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Home Depot by 112.3% in the third quarter. Voya Investment Management LLC now owns 1,444,128 shares of the home improvement retailer’s stock worth $585,147,000 after acquiring an additional 763,739 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Home Depot during the third quarter worth about $284,893,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of Home Depot stock opened at $321.79 on Friday. The firm has a market cap of $320.51 billion, a PE ratio of 22.61, a PEG ratio of 3.60 and a beta of 1.09. The stock has a 50 day moving average of $362.29 and a 200 day moving average of $368.71. 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 Home Depot, Inc. has a 12 month low of $318.66 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s payout ratio is currently 65.50%.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot is expanding into HVAC distribution with the acquisition of Mingledorff’s, increasing exposure to a ~$100B HVAC market in the Southeast and signaling growth beyond core retail. The deal is expected to keep Mingledorff’s leadership in place and have minimal near‑term leverage impact. Read More.
• Positive Sentiment: The company appointed Franziska Bell to lead its AI-driven technology strategy as CTO, a move aimed at customer experience and operational efficiency that could improve margins and productivity over time. Read More.
• Positive Sentiment: Home Depot broadened its online assortment through a supplier partnership (AXIL Brands) that adds specialty products to HomeDepot.com, supporting incremental e‑commerce sales. Read More.
• Neutral Sentiment: Evercore lowered its price target on HD from $425 to $415 but kept an Outperform rating, reflecting confidence in the long-term story despite near-term headwinds. That keeps institutional backing but removes some upside cushion. Read More.
• Neutral Sentiment: Coverage pieces place Home Depot among large-cap stocks with mixed potential — highlighting stable dividend/scale attributes but also slower growth versus peers; this frames HD as a steadier income/quality holding rather than a high-growth pick. Read More.
• Negative Sentiment: Despite beating EPS estimates last quarter ($2.72 vs. $2.52), Home Depot reported revenue down ~3.8% Y/Y and set FY2026 EPS guidance in the $14.23–$14.80 range, below some sell‑side forecasts — a combination that pressures near‑term sentiment and valuation multiples. Read More.
• Negative Sentiment: Analysts and coverage highlight a worrisome shift in consumer behavior and intensifying competition from Lowe’s (which is upgrading its shopping experience), both of which could weigh on same‑store sales and margin recovery. Read More.
• Negative Sentiment: Sector headlines and other retail misses (e.g., peer earnings volatility) are pressuring stocks in the space, increasing risk aversion among investors and amplifying downside for HD until clearer sales/margin improvement shows up. Read More.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. DA Davidson lifted their target price on Home Depot from $407.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. TD Cowen restated a “buy” rating on shares of Home Depot in a research note on Thursday, March 12th. Robert W. Baird increased their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Daiwa Securities Group lifted their price objective on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $414.17.

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.