The Home Depot, Inc. $HD Shares Purchased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 308.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,463 shares of the home improvement retailer’s stock after purchasing an additional 10,169 shares during the period. WealthPlan Investment Management LLC’s holdings in Home Depot were worth $4,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parvin Asset Management LLC grew its stake in shares of Home Depot by 110.0% during the third 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 in the last quarter. Financially Speaking Inc acquired a new position in shares of Home Depot during the third quarter worth $31,000. Key Capital Management INC acquired a new position in shares of Home Depot during the fourth quarter worth $28,000. Imprint Wealth LLC acquired a new position in shares of Home Depot during the third quarter worth $34,000. Finally, Navalign LLC acquired a new position in shares of Home Depot during the fourth quarter worth $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: Telsey Advisory reiterated a Buy rating on Home Depot, suggesting at least one Wall Street firm still sees value in the shares despite recent volatility.
• Positive Sentiment: Some commentary has highlighted Home Depot as a potential beneficiary if housing turnover and mortgage-rate conditions improve, which could support future sales and earnings.
• Neutral Sentiment: Investors are watching Home Depot closely ahead of earnings on May 19, with articles focusing on whether pro demand, digital tools, and repair projects can offset a weaker housing backdrop.
• Neutral Sentiment: Jim Cramer said Home Depot can perform well in a lower-rate environment, but also noted the stock needs stronger housing turnover to really accelerate.
• Negative Sentiment: Sanford C. Bernstein cut its price target on Home Depot to $365 from $390 and kept a Market Perform rating, reflecting a more cautious view on near-term upside.
• Negative Sentiment: A new class-action lawsuit reportedly pressured the stock, adding legal uncertainty at an already sensitive time for investors.
• Negative Sentiment: Recent pre-earnings pullback and broader worries about housing turnover have also weighed on sentiment, helping explain why Home Depot stock has been moving lower.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s 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 directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $297.34 on Friday. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The Home Depot, Inc. has a 1 year low of $296.88 and a 1 year high of $426.75. The company has a market capitalization of $296.16 billion, a PE ratio of 20.90, a P/E/G ratio of 3.43 and a beta of 1.00. The company has a fifty day moving average of $331.77 and a two-hundred day moving average of $354.39.

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, beating 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 quarter in the prior year, the firm posted $3.13 earnings per share. Home Depot’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. As a group, analysts expect that The Home Depot, Inc. will post 15.03 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 issued a $2.33 dividend. 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 dividend yield of 3.1%. Home Depot’s dividend payout ratio is currently 65.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America began coverage on shares of Home Depot in a research note on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price for the company. Robert W. Baird upped their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research note on Friday, March 27th. The Goldman Sachs Group decreased their price objective on shares of Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. Finally, Truist Financial decreased their price objective on shares of Home Depot from $424.00 to $394.00 and set a “buy” rating for the company in a research note on Wednesday. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $405.66.

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.