Nuveen LLC Has $1.90 Billion Stake in The Home Depot, Inc. $HD

Nuveen LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,524,820 shares of the home improvement retailer’s stock after selling 307,940 shares during the quarter. Home Depot makes up 0.5% of Nuveen LLC’s investment portfolio, making the stock its 24th largest holding. Nuveen LLC’s holdings in Home Depot were worth $1,901,090,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC increased its position in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the period. Key Capital Management INC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $28,000. Financially Speaking Inc bought a new stake in shares of Home Depot during the third quarter valued at approximately $31,000. Navalign LLC bought a new stake in Home Depot in the fourth quarter valued at $31,000. Finally, Disciplined Equity Management Inc. bought a new stake in Home Depot in the fourth quarter valued at $34,000. 70.86% of the stock is owned by institutional investors.

Key Home Depot News

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

• Positive Sentiment: Jim Cramer said Home Depot looks like a “good level” to own, which may reinforce confidence that the stock is attractive after recent weakness. Jim Cramer on Home Depot: “I Think That This Is a Good Level”
• Positive Sentiment: Additional commentary highlighted Home Depot’s “wide moat” and long-term compounding potential, supporting the view that the company remains a high-quality defensive retailer. 1 Cyclical Dow Juggernaut With an Unshakable Moat to Buy
• Neutral Sentiment: Erste Group Bank trimmed its FY2027 and FY2028 earnings estimates slightly, but the revisions were small and still leave expectations near Wall Street’s current full-year EPS outlook, so the impact on sentiment appears limited.
• Neutral Sentiment: Coverage on Home Depot’s expansion efforts, including recent pro-focused acquisitions, suggests management is continuing to build scale and logistics capabilities, but the articles frame this as a longer-term strategy rather than an immediate catalyst. Home Depot’s Expansion Play: Building Scale or Growth Story?

Home Depot Trading Up 2.4%

NYSE:HD opened at $326.71 on Friday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The business’s 50-day moving average price is $322.48 and its two-hundred day moving average price is $347.18. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $325.77 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 3.68 and a beta of 0.97.

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, topping the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the prior year, the company earned $3.56 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s dividend payout ratio is 66.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HD. Oppenheimer lowered their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Jefferies Financial Group reduced their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Wolfe Research reissued an “outperform” rating and issued a $365.00 price objective on shares of Home Depot in a research note on Tuesday, May 19th. Stifel Nicolaus reduced their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. 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. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $371.36.

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.