MQS Management LLC Makes New Investment in The Home Depot, Inc. $HD

Posted by Grant Hamersma on May 23rd, 2026

MQS Management LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,274 shares of the home improvement retailer’s stock, valued at approximately $782,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Wellington Management Group LLP increased its holdings in Home Depot by 60.8% during 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 purchasing an additional 3,836,051 shares in the last quarter. Vanguard Group Inc. increased its holdings in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. Franklin Resources Inc. increased its holdings in Home Depot by 37.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock worth $1,542,278,000 after purchasing an additional 1,040,577 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Home Depot by 215.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock worth $429,648,000 after purchasing an additional 852,719 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Home Depot during the 3rd quarter worth approximately $284,893,000. 70.86% of the stock is owned by institutional investors.

Key Headlines Impacting Home Depot

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

Positive Sentiment: Home Depot’s comparable sales are holding up better than feared, with one report noting comps are now catching up to Lowe’s, which could support a stronger relative performance if that trend continues. Home Depot comps finally catch Lowe’s, opening the door for the stock to do the same
Positive Sentiment: Analysts and market commentators continue to describe Home Depot as a high-quality, lower-risk name in retail, and some note the post-earnings selloff may have gone too far relative to the company’s fundamentals. 5 Best Low Risk Stocks to Buy in 2026
Positive Sentiment: Home Depot’s quarterly dividend was raised to $2.33 per share, reinforcing management’s confidence and supporting the stock’s income appeal. The Home Depot Declares Quarterly Dividend of $2.33
Neutral Sentiment: Recent earnings showed Home Depot beat expectations on revenue and EPS, but management commentary still pointed to ongoing consumer and housing-market headwinds, with fewer transactions offsetting a stronger average ticket. Home Depot Revenue Beats as Housing Headwinds Weigh on Earnings
Neutral Sentiment: Several analysts turned more cautious after earnings by cutting price targets, signaling that expectations remain tempered even though ratings stayed constructive. DA Davidson and RBC Capital Markets Turn More Cautious on Home Depot (HD) after Earnings
Negative Sentiment: Commentary continues to emphasize that higher interest rates and weak housing activity are weighing on big-ticket home-improvement demand, which limits near-term upside for HD. Jim Cramer on Home Depot: “Anything Connected to Housing Gets Hurt by Higher Rates”

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HD. Piper Sandler decreased their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday. Gordon Haskett decreased their price objective on Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday. Truist Financial decreased their price objective on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday. Royal Bank Of Canada reduced their target price on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.39.

Check Out Our Latest Stock Report on HD

Home Depot Stock Performance

HD stock opened at $313.18 on Friday. The firm has a market cap of $311.94 billion, a PE ratio of 22.24, a P/E/G ratio of 3.63 and a beta of 1.00. The company has a quick ratio of 0.26, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The business has a 50 day moving average of $326.94 and a 200-day moving average of $351.82. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating 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 analyst estimates of $41.59 billion. During the same period in the prior year, the company earned $3.56 earnings per share. Home Depot’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Announces Dividend

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

About Home Depot

(Free Report)

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.