IFP Advisors Inc Boosts Stock Holdings in The Home Depot, Inc. $HD

IFP Advisors Inc grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,479 shares of the home improvement retailer’s stock after buying an additional 4,369 shares during the quarter. IFP Advisors Inc’s holdings in Home Depot were worth $10,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Providence Wealth Advisors LLC boosted its holdings in Home Depot by 7.1% in the fourth quarter. Providence Wealth Advisors LLC now owns 6,378 shares of the home improvement retailer’s stock worth $2,202,000 after purchasing an additional 422 shares during the last quarter. Northbridge Financial Group LLC purchased a new stake in Home Depot in the fourth quarter worth approximately $927,000. Creative Financial Designs Inc. ADV boosted its holdings in Home Depot by 8.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,889 shares of the home improvement retailer’s stock worth $1,338,000 after purchasing an additional 301 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Home Depot in the fourth quarter worth approximately $255,000. Finally, Saranac Partners Ltd boosted its holdings in Home Depot by 8.1% in the fourth quarter. Saranac Partners Ltd now owns 998 shares of the home improvement retailer’s stock worth $344,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot beat Wall Street’s estimates on both earnings and revenue, reporting EPS of $3.43 on sales of $41.77 billion, helped by steady demand from professional customers and smaller DIY projects. Home Depot beats quarterly sales estimates on steady demand
• Positive Sentiment: The company reaffirmed its fiscal 2026 guidance, which reassured investors worried about a slowdown in home-improvement spending. Home Depot’s stock rises as the full-year outlook was kept intact, a relief for worried investors
• Neutral Sentiment: Comparable sales rose 0.6% overall and 0.4% in the U.S., showing modest growth but also confirming that demand is improving only gradually. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
• Neutral Sentiment: Management said consumers are still feeling pressure from higher gas prices and affordability concerns, and the company noted that stronger second-half growth may depend more on normal storm activity than on a broad consumer recovery. Home Depot CFO: ‘No question’ consumers feel the effects of high gas prices, affordability pressures
• Negative Sentiment: Several analysts trimmed price targets after the report, reflecting caution about slower housing-related spending and limited near-term growth. Home Depot price target updates

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction 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 sale, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $302.23 on Wednesday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The company has a market cap of $301.03 billion, a P/E ratio of 21.24, a P/E/G ratio of 3.46 and a beta of 1.00. The firm’s fifty day moving average is $329.41 and its two-hundred day moving average is $353.04. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. Home Depot’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.02 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $2.33 dividend. The ex-dividend date was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 3.1%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is presently 65.50%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. The Goldman Sachs Group dropped their price target on shares of Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. Robert W. Baird lifted their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 price target on shares of Home Depot in a research note on Wednesday, March 25th. Finally, Citigroup dropped their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $392.45.

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.