Prosperity Consulting Group LLC Reduces Stock Position in The Home Depot, Inc. $HD

Prosperity Consulting Group LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 7.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,889 shares of the home improvement retailer’s stock after selling 1,614 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Home Depot were worth $6,212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Norges Bank purchased a new stake in shares of Home Depot during the fourth quarter valued at $4,850,329,000. 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 during the period. Cardano Risk Management B.V. increased its stake in Home Depot by 901.5% in the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock worth $1,132,275,000 after buying an additional 2,961,979 shares during the period. Diamant Asset Management Inc. lifted its holdings in Home Depot by 33,026.3% during the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after buying an additional 2,334,956 shares in the last quarter. Finally, J. Stern & Co. LLP lifted its holdings in Home Depot by 14,869.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after buying an additional 2,217,607 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.8%

NYSE:HD opened at $347.61 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a 50-day moving average of $326.52 and a 200 day moving average of $345.28. The firm has a market cap of $346.61 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 3.94 and a beta of 0.95.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating 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 business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter last year, the firm posted $3.56 EPS. The company’s revenue for the quarter 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 anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s payout ratio is 66.19%.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Truist Financial decreased their price target on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. TD Cowen decreased their price target on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Argus lowered their price target on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $346.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given 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 a consensus rating of “Moderate Buy” and an average price target of $371.71.

Key Home Depot News

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

• Positive Sentiment: Home Depot launched its 2026 Halloween collection, including the return of its popular 12 FT SKELLY with upgraded interactive features. Seasonal merchandise can drive store and online traffic and support near-term sales sentiment. THE HOME DEPOT DEBUTS 2026 HALLOWEEN COLLECTION WITH NEW GIANTS, INTERACTIVE TECH AND FAN FAVORITE RETURNS
• Positive Sentiment: Market coverage noted that HD has been trading higher than the broader market, reinforcing the view that investors are rotating back into the name. Home Depot (HD) Rises Higher Than Market: Key Facts
• Positive Sentiment: Dividend-focused articles highlighted Home Depot as one of several large-cap stocks with ongoing dividend growth, which can appeal to income investors looking for reliable shareholder returns. 3 Dividend Stocks to Buy for Growing Income in July
• Neutral Sentiment: Several media roundups listed Home Depot among home improvement stocks to watch, but these were broad watchlist pieces without new company-specific catalysts. Top Home Improvement Stocks To Watch Now – July 13th
• Neutral Sentiment: One article said HD underperformed some competitors even as it posted daily gains, suggesting the stock may be rising, but not as strongly as peers. Home Depot Inc. stock underperforms Wednesday when compared to competitors despite daily gains
• Negative Sentiment: A Trefis note argued that Home Depot has returned substantial cash to shareholders while the stock has gone nowhere, which may temper enthusiasm by highlighting limited share-price momentum. LOW Paid Holders $47 Bil While The Stock Went Nowhere

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.