Waratah Capital Advisors Ltd. Makes New $8.95 Million Investment in The Home Depot, Inc. $HD

Waratah Capital Advisors Ltd. purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,095 shares of the home improvement retailer’s stock, valued at approximately $8,953,000.

Other hedge funds have also modified their holdings of the company. First Heartland Consultants Inc. lifted its position in Home Depot by 2.9% in the third quarter. First Heartland Consultants Inc. now owns 2,373 shares of the home improvement retailer’s stock valued at $962,000 after buying an additional 66 shares during the last quarter. Palumbo Wealth Management LLC increased its position in shares of Home Depot by 11.3% during the third quarter. Palumbo Wealth Management LLC now owns 2,044 shares of the home improvement retailer’s stock valued at $828,000 after acquiring an additional 208 shares during the last quarter. First American Trust FSB raised its stake in shares of Home Depot by 49.9% in the 3rd quarter. First American Trust FSB now owns 4,599 shares of the home improvement retailer’s stock valued at $1,864,000 after acquiring an additional 1,531 shares during the period. Apriem Advisors lifted its holdings in shares of Home Depot by 6.8% in the 3rd quarter. Apriem Advisors now owns 3,002 shares of the home improvement retailer’s stock worth $1,216,000 after acquiring an additional 191 shares during the last quarter. Finally, Mufg Securities Americas Inc. boosted its position in shares of Home Depot by 21.8% during the 3rd quarter. Mufg Securities Americas Inc. now owns 26,830 shares of the home improvement retailer’s stock worth $10,871,000 after purchasing an additional 4,802 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 2.0%

Shares of NYSE:HD opened at $384.66 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The firm’s 50 day moving average price is $370.27 and its 200 day moving average price is $380.12. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The stock has a market cap of $382.93 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 13.49 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the business earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $2.33 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the sale, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,963 shares of company stock valued at $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Robert W. Baird upped their price target on Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Bank of America cut their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Guggenheim lowered their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, November 20th. TD Cowen lifted their target price on Home Depot from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, UBS Group set a $430.00 price target on shares of Home Depot in a research report on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $411.37.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Q4 earnings beat — Home Depot exceeded EPS and revenue estimates, helped by stronger comps and margin gains versus expectations. This is the primary reason shares moved up after the print. Home Depot beats Wall Street’s expectations, even as sales decline
• Positive Sentiment: Dividend raised — HD increased its quarterly dividend to $2.33 (1.3% rise), supporting income-focused investor demand and reinforcing the buy-and-hold case. PR Newswire: The Home Depot Announces Fourth Quarter and Fiscal 2025 Results
• Positive Sentiment: Analyst support — Some firms raised targets and maintained buy ratings (DA Davidson raised its target; Bank of America / J.P. Morgan commentary highlighted pro-customer momentum), which can sustain upside momentum. Home Depot: Strong Q4 Performance and Pro-Customer Momentum Support Buy Rating
• Neutral Sentiment: Guidance mixed — HD reaffirmed FY2026 EPS range (14.230–14.799), with midpoints slightly below some street expectations; this limits conviction for an aggressive re-rate until guidance is digested. Home Depot press release / guidance
• Neutral Sentiment: Institutional accumulation & income narrative — Coverage notes increasing institutional accumulation and dividend-investor interest, which can dampen volatility over time but is a longer-term tailwind. Home Depot Accumulation Is Underway—Why Dividend Investors Are Watching
• Negative Sentiment: Customer caution & housing headwinds — CEO Ted Decker warned customers are “not investing” due to affordability and job concerns, underscoring the risk that big-ticket projects remain muted. Home Depot CEO flags a disconcerting lack of faith in the American economy
• Negative Sentiment: Sales decline & margin pressure — Revenue fell 3.8% YoY and adjusted EPS declined vs. last year; some analysts/notes argue HD’s premium valuation is questionable given the mixed results. Home Depot: Premium Valuation Questionable After Mixed Q4
• Negative Sentiment: “Don’t buy today” take — High-profile commentators (e.g., Cramer) acknowledge long-term upside but advise patience, which can cap near-term retail buying. Cramer: Home Depot can make you ‘lot of money,’ but don’t buy it today

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.