HBK Sorce Advisory LLC Trims Stock Holdings in The Home Depot, Inc. $HD

HBK Sorce Advisory LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 12.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,700 shares of the home improvement retailer’s stock after selling 2,014 shares during the period. HBK Sorce Advisory LLC’s holdings in Home Depot were worth $5,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after buying an additional 1,325,748 shares during the period. Capital Research Global Investors raised its holdings in Home Depot by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock valued at $4,619,229,000 after buying an additional 30,739 shares during the period. Wellington Management Group LLP increased its stake in Home Depot by 60.8% during the third 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 during the period. Fisher Asset Management LLC increased its stake in Home Depot by 2.0% during the third quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer’s stock worth $4,104,694,000 after purchasing an additional 197,211 shares during the period. Finally, Legal & General Group Plc increased its stake in Home Depot by 1.9% during the third quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer’s stock worth $2,504,546,000 after purchasing an additional 116,875 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Guggenheim reiterated a “buy” rating and set a $425.00 price target on shares of Home Depot in a research note on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research note on Friday, March 27th. UBS Group cut their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, February 25th. Finally, Mizuho cut their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Twenty investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $371.39.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on 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 transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Home Depot Stock Up 0.0%

Shares of Home Depot stock opened at $313.18 on Monday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a 50 day moving average of $326.94 and a 200 day moving average of $351.63. 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 company has a market capitalization of $311.94 billion, a P/E ratio of 22.24, a P/E/G ratio of 3.62 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 earnings per share. The firm’s quarterly 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. As a group, research analysts forecast that The Home Depot, Inc. will post 15.02 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. Home Depot’s payout ratio is currently 66.19%.

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”

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.