Public Sector Pension Investment Board Cuts Stock Position in The Home Depot, Inc. $HD

Public Sector Pension Investment Board lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,251 shares of the home improvement retailer’s stock after selling 2,942 shares during the quarter. Public Sector Pension Investment Board’s holdings in Home Depot were worth $61,285,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Centerpoint Advisory Group grew its stake in shares of Home Depot by 0.8% in the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after acquiring an additional 26 shares in the last quarter. Disciplined Investors L.L.C. raised its stake in shares of Home Depot by 2.3% in the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after acquiring an additional 26 shares in the last quarter. Brio Consultants LLC boosted its holdings in Home Depot by 4.7% in the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after purchasing an additional 26 shares during the period. Emprise Bank grew its stake in Home Depot by 0.8% during the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock worth $1,270,000 after purchasing an additional 26 shares in the last quarter. Finally, Stegent Equity Advisors Inc. grew its stake in Home Depot by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. Citigroup boosted their price objective on Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial set a $405.00 target price on shares of Home Depot in a report on Friday, January 16th. BNP Paribas Exane lifted their price target on shares of Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Robert W. Baird lowered their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $407.23.

Insider Activity at Home Depot

In other news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,963 shares of company stock valued at $1,748,845 over the last ninety days. Insiders own 0.10% of the company’s stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Zacks upgraded HD from “strong sell” to “hold,” which reduces near-term sell-side pressure and can support the share price or stabilize sentiment. Zacks Upgrade
• Positive Sentiment: Options traders and retail-focused writeups (Investors Business Daily) are highlighting bullish option strategies as HD approaches a technical breakout — a sign of growing short-term bullish positioning that can amplify upside if earnings/consensus catalysts follow through. As Home Depot Stock Nears Breakout, Here’s A Bullish Option Play
• Neutral Sentiment: Investor letters and narrative pieces (Carillon Tower/InsiderMonkey, Yahoo finance coverage) are re-evaluating whether to hold HD within diversified portfolios after 2025 market moves; these are broad context pieces that rarely move the stock by themselves. Should You Hold The Home Depot (HD)?
• Neutral Sentiment: Analyst roundups (The Globe and Mail) offering sector comparisons and model updates provide background on consensus expectations but contain no single major revision. Analysts Offer Insights on Consumer Cyclical Companies
• Negative Sentiment: Gordon Haskett raised its price target to $370 from $330 but kept a “hold” rating — the new $370 PT still implies downside versus the current share level, which can be interpreted as limited upside from here and may weigh on momentum. Gordon Haskett Adjusts Price Target on Home Depot TickerReport
• Negative Sentiment: Reuters reports that Brad Jacobs’ QXO is buying Kodiak for ~$2.25B to build a larger building-products distributor aimed at Home Depot and Lowe’s — increased distribution consolidation and a more aggressive pro-channel competitor could pressure Home Depot’s pro-sales growth and margins over time. Jacobs’ QXO to buy Kodiak

Home Depot Price Performance

HD stock opened at $390.13 on Friday. The business has a 50 day moving average price of $365.43 and a 200 day moving average price of $379.88. 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 $388.38 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 13.95 and a beta of 1.08. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Home Depot Company 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.