OFI Invest Asset Management Grows Position in The Home Depot, Inc. $HD

OFI Invest Asset Management boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,340 shares of the home improvement retailer’s stock after purchasing an additional 4,790 shares during the period. OFI Invest Asset Management’s holdings in Home Depot were worth $74,288,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in Home Depot in the second quarter valued at $28,000. Sagard Holdings Management Inc. acquired a new position in shares of Home Depot in the 2nd quarter valued at about $29,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Home Depot in the 2nd quarter valued at about $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth about $35,000. Finally, Delos Wealth Advisors LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $39,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HD shares. Guggenheim decreased 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 note on Thursday, November 20th. Morgan Stanley reiterated an “outperform” rating on shares of Home Depot in a report on Wednesday, December 10th. Citigroup decreased their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research report on Friday, November 21st. UBS Group set a $430.00 price target on Home Depot in a research report on Wednesday, December 10th. Finally, Gordon Haskett lowered their price objective on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $402.10.

Home Depot News Roundup

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

• Positive Sentiment: Wolfe Research raised its price target on HD to $415 and kept an “outperform” rating, implying meaningful upside vs. the current price — a direct analyst vote of confidence that can support the stock. Wolfe adjusts price target
• Positive Sentiment: Analysts note Home Depot’s Pro (contractor/commercial) business is performing better than DIY, which can stabilize revenue even if consumer renovation spending softens — a structural positive for margins and predictability. Is Home Depot’s Pro momentum enough
• Neutral Sentiment: Coverage compares HD vs. Lowe’s on AI strategy — Lowe’s is investing in AI as core infrastructure while Home Depot focuses on embedding intelligence into execution, logistics and Pro services. This is strategic positioning rather than an immediate earnings driver. LOW vs HD: AI bet
• Neutral Sentiment: Analyst/video commentary argues Home Depot could lay a 2026 rebound foundation if Fed rate cuts progress, but timing and consumer response remain uncertain — a macro-linked view that supports upside only if rates and housing trends improve. Building 2026 Foundation on Interest Rate Outlook
• Negative Sentiment: Unusually large put-option buying: investors purchased about 46,941 puts (≈47% above average), signaling elevated downside hedging or bearish bets that can increase near-term volatility and pressure the stock.
• Negative Sentiment: Sector/stock skepticism: recent pieces argue the home-improvement sector struggled in 2025 (rates, housing weakness) and one outlet concluded only one of HD or LOW is a buy for 2026 — commentary that can weigh on investor confidence and relative valuation. Only 1 of these is a buy for 2026
• Negative Sentiment: Analysts and commentators note HD underperformed in 2025 and that “timing is the challenge” for a rebound — a reminder that execution and macro timing risk remain key near-term catalysts. Timing is the challenge

Insider Activity

In other news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.4%

Shares of HD opened at $345.07 on Wednesday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The stock has a 50-day moving average price of $363.90 and a 200 day moving average price of $378.48. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The company has a market capitalization of $343.52 billion, a P/E ratio of 23.52, a P/E/G ratio of 12.90 and a beta of 1.06.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio is 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.