Verity & Verity LLC Raises Stock Position in The Home Depot, Inc. $HD

Verity & Verity LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,474 shares of the home improvement retailer’s stock after purchasing an additional 1,861 shares during the period. Verity & Verity LLC’s holdings in Home Depot were worth $9,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC increased its stake in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Key Capital Management INC purchased a new stake in Home Depot during the fourth quarter worth about $28,000. Financially Speaking Inc purchased a new stake in Home Depot during the third quarter worth about $31,000. Navalign LLC purchased a new stake in Home Depot during the fourth quarter worth about $31,000. Finally, Disciplined Equity Management Inc. purchased a new stake in Home Depot during the fourth quarter worth about $34,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot is expanding in-store services by partnering with KeyMe Locksmiths to offer on-site car key duplication at select stores, a move that could increase customer traffic and deepen relationships beyond traditional home improvement sales. Home Depot Tests On Site Car Key Service To Deepen Store Relationships
• Neutral Sentiment: Home Depot was included in a broad “top home improvement stocks” roundup, which is more of a market-watch list than a company-specific catalyst. Top Home Improvement Stocks To Follow Today – May 28th
• Negative Sentiment: Zacks Research trimmed several future earnings estimates for Home Depot, including FY2027, FY2028 and FY2029, and also lowered multiple quarterly forecasts while keeping a Hold rating. Lower profit expectations can weigh on the stock. Zacks Research estimate revisions for Home Depot
• Negative Sentiment: Jim Cramer described Home Depot as one of the market’s “legitimate disappointments,” pointing to the pressure from rising interest rates on housing and home-improvement spending. That commentary may reinforce investor caution around HD’s near-term demand outlook. Jim Cramer on Home Depot: “I Was Honestly Bracing for the Worst Here”

Analysts Set New Price Targets

A number of brokerages have issued reports on HD. Oppenheimer cut their price target on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research note on Monday, May 18th. Wells Fargo & Company cut their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Jefferies Financial Group decreased their price objective on Home Depot from $454.00 to $361.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. The Goldman Sachs Group decreased their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, TD Cowen decreased their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $371.39.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

Home Depot Price Performance

HD stock opened at $317.41 on Friday. The business has a 50 day moving average price of $324.70 and a 200 day moving average price of $349.76. The stock has a market cap of $316.49 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 3.66 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

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.