Griffin Asset Management Inc. Boosts Position in The Home Depot, Inc. $HD

Griffin Asset Management Inc. raised its stake in The Home Depot, Inc. (NYSE:HD) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,681 shares of the home improvement retailer’s stock after buying an additional 2,118 shares during the period. Home Depot comprises 1.6% of Griffin Asset Management Inc.’s holdings, making the stock its 18th biggest holding. Griffin Asset Management Inc.’s holdings in Home Depot were worth $14,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in HD. Vanguard Group Inc. raised its stake 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 valued at $34,284,672,000 after acquiring an additional 1,325,748 shares in the last quarter. Capital Research Global Investors grew its stake in Home Depot by 0.3% in the third quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock worth $4,619,229,000 after purchasing an additional 30,739 shares in the last quarter. Wellington Management Group LLP increased its holdings in Home Depot by 60.8% during 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 purchasing an additional 3,836,051 shares during the period. Fisher Asset Management LLC increased its holdings in Home Depot by 2.0% during the 3rd 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 raised its position in Home Depot by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer’s stock valued at $2,504,546,000 after purchasing an additional 116,875 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s 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 sale, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot beat Q1 expectations, posting EPS of $3.43 versus estimates of $3.41 and revenue of $41.77 billion versus $41.59 billion expected, which reassured investors that demand is holding up better than feared. Reuters: Home Depot beats quarterly sales estimates on steady demand
• Positive Sentiment: The company reaffirmed FY2026 guidance, signaling management confidence despite housing headwinds and high borrowing costs. Yahoo Finance: Home Depot Beats a Lowered Bar as the American Homeowner Defers
• Positive Sentiment: Management said Pro demand, digital growth, and distribution expansion are helping offset weakness in big-ticket projects, suggesting the business mix is becoming more resilient. Yahoo Finance: HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Neutral Sentiment: Several analysts cut price targets after the report, but most kept constructive ratings, indicating valuation has reset without a major change in long-term sentiment. Benzinga: These Analysts Cut Their Forecasts On Home Depot After Q1 Results
• Negative Sentiment: Underlying profitability softened as net earnings fell 4.2% year over year, reinforcing concerns that costs are rising faster than sales. Retail Insight Network: Home Depot Q1 profit falls as cost growth outpaces revenue
• Negative Sentiment: The housing market remains sluggish, with commentary pointing to delayed big projects and weak turnover, which could limit upside if demand does not improve. Zacks: Home Depot vs. Lowe’s Stock: Same Housing Headwinds, Different Strategies

Home Depot Stock Up 2.7%

Shares of NYSE HD opened at $310.66 on Thursday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The stock’s fifty day simple moving average is $328.56 and its two-hundred day simple moving average is $352.55. The stock has a market capitalization of $309.42 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 3.49 and a beta of 1.00. The company has a current ratio of 1.04, a quick ratio of 0.26 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the prior year, the business posted $3.56 EPS. 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, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s payout ratio is currently 65.50%.

Wall Street Analysts Forecast Growth

HD has been the subject of several research reports. Guggenheim reiterated a “buy” rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday. Evercore cut their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday. UBS Group decreased their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday. Bank of America started coverage on shares of Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $372.29.

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.