First Horizon Corp Purchases Shares of 68,851 The Home Depot, Inc. $HD

First Horizon Corp acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 68,851 shares of the home improvement retailer’s stock, valued at approximately $27,898,000. Home Depot makes up approximately 1.3% of First Horizon Corp’s holdings, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legend Financial Advisors Inc. bought a new position in Home Depot during the second quarter worth about $28,000. Sagard Holdings Management Inc. acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot during the 2nd quarter worth approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the 2nd quarter valued at $35,000. Finally, Dougherty Wealth Advisers LLC bought a new stake in Home Depot in the third quarter valued at $38,000. 70.86% of the stock is owned by institutional investors.

Home Depot News Roundup

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

• Positive Sentiment: The Home Depot expanded its strategic partnership with Google Cloud to deploy “agentic” AI tools (Magic Apron enhancements, AI product-list builders for pros, automated material ordering) that aim to deepen customer engagement and boost pro workflow efficiency. The Home Depot and Google Cloud Launch Agentic AI Tools Home Depot Goes All-In On Agentic AI With Google Cloud
• Positive Sentiment: Analyst/industry pieces highlight Home Depot gearing up for a 2026 housing rebound with pro-focused tools and supply-chain upgrades, positioning it to scale if interest rates fall and demand for remodeling and new construction recovers. Is Home Depot Stock Best Positioned If Rates Ease in 2026? Home Depot Stock Gains With New Housing Plans
• Positive Sentiment: Unusual options activity: traders bought a large volume of Home Depot call options, indicating near-term bullish speculation or hedging interest that can support upside momentum in the stock. Traders Purchase Large Volume of Home Depot Call Options
• Neutral Sentiment: Coverage of Home Depot as a dividend holding reinforces its income-story appeal; lower rates could boost long-term growth prospects, but these are gradual catalysts rather than immediate drivers. 2 Top Dividend Stocks to Buy in 2026 and Hold for a Lifetime of Passive Income The Dogs of the Dow: 10 Downtrodden Dividends
• Negative Sentiment: A comparative piece contrasts Home Depot with peers (e.g., Costco) and underscores Home Depot’s sensitivity to macro forces — a reminder that weaker housing activity or slower rate cuts could weigh on revenue and margins. Best Stock to Buy Right Now: Costco vs. Home Depot

Home Depot Stock Performance

HD stock opened at $375.10 on Tuesday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The company has a market cap of $373.42 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 13.96 and a beta of 1.08. The business’s fifty day moving average is $354.48 and its 200-day moving average is $377.94.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 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 company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the company posted $3.78 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HD shares. HSBC cut their price objective on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a report on Wednesday, November 19th. Piper Sandler reduced their price target on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 price objective on shares of Home Depot in a report on Monday, November 24th. Finally, Argus reduced their target price on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $402.10.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,963 shares of company stock valued at $1,748,845 in the last 90 days. 0.10% of the stock is owned by insiders.

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.