L & S Advisors Inc Has $1.83 Million Stake in The Home Depot, Inc. $HD

L & S Advisors Inc decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 63.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,324 shares of the home improvement retailer’s stock after selling 9,337 shares during the period. L & S Advisors Inc’s holdings in Home Depot were worth $1,832,000 at the end of the most recent quarter.

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

Home Depot Stock Performance

Shares of NYSE HD opened at $297.34 on Monday. The business has a fifty day simple moving average of $331.77 and a 200 day simple moving average of $354.17. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The firm has a market capitalization of $296.16 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.43 and a beta of 1.00. The Home Depot, Inc. has a one year low of $296.88 and a one year high of $426.75.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.Home Depot’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 3.1%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.

Key Home Depot News

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

• Positive Sentiment: Telsey Advisory reiterated a Buy rating on Home Depot, suggesting at least one Wall Street firm still sees value in the shares despite recent volatility.
• Positive Sentiment: Some commentary has highlighted Home Depot as a potential beneficiary if housing turnover and mortgage-rate conditions improve, which could support future sales and earnings.
• Neutral Sentiment: Investors are watching Home Depot closely ahead of earnings on May 19, with articles focusing on whether pro demand, digital tools, and repair projects can offset a weaker housing backdrop.
• Neutral Sentiment: Jim Cramer said Home Depot can perform well in a lower-rate environment, but also noted the stock needs stronger housing turnover to really accelerate.
• Negative Sentiment: Sanford C. Bernstein cut its price target on Home Depot to $365 from $390 and kept a Market Perform rating, reflecting a more cautious view on near-term upside.
• Negative Sentiment: A new class-action lawsuit reportedly pressured the stock, adding legal uncertainty at an already sensitive time for investors.
• Negative Sentiment: Recent pre-earnings pullback and broader worries about housing turnover have also weighed on sentiment, helping explain why Home Depot stock has been moving lower.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction dated 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 of the company’s stock, valued at $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on HD. Morgan Stanley upped their price target on Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Truist Financial cut their price objective on shares of Home Depot from $424.00 to $394.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Citigroup cut their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Daiwa Securities Group upped their price objective on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, Evercore cut their price objective on shares of Home Depot from $425.00 to $415.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $405.66.

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.