Procyon Advisors LLC Sells 6,415 Shares of The Home Depot, Inc. $HD

Procyon Advisors LLC lessened its position in The Home Depot, Inc. (NYSE:HD) by 25.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,360 shares of the home improvement retailer’s stock after selling 6,415 shares during the quarter. Procyon Advisors LLC’s holdings in Home Depot were worth $6,318,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Parisi Gray Wealth Management grew its stake in Home Depot by 0.7% in the fourth quarter. Parisi Gray Wealth Management now owns 14,196 shares of the home improvement retailer’s stock worth $4,885,000 after purchasing an additional 100 shares during the period. Magnus Financial Group LLC lifted its position in Home Depot by 4.2% during the fourth quarter. Magnus Financial Group LLC now owns 6,883 shares of the home improvement retailer’s stock valued at $2,368,000 after buying an additional 278 shares during the period. Henrickson Nauta Wealth Advisors Inc. lifted its position in Home Depot by 35.5% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 680 shares of the home improvement retailer’s stock valued at $237,000 after buying an additional 178 shares during the period. Orgel Wealth Management LLC boosted its holdings in shares of Home Depot by 37.2% during the 4th quarter. Orgel Wealth Management LLC now owns 748 shares of the home improvement retailer’s stock valued at $257,000 after buying an additional 203 shares in the last quarter. Finally, Crescent Sterling Ltd. boosted its holdings in shares of Home Depot by 1.0% during the 4th quarter. Crescent Sterling Ltd. now owns 8,008 shares of the home improvement retailer’s stock valued at $2,756,000 after buying an additional 82 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Oppenheimer decreased their price target on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research note on Friday, December 5th. Truist Financial set a $424.00 price objective on shares of Home Depot in a research note on Tuesday, February 24th. Telsey Advisory Group upped their price objective on shares of Home Depot from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Sanford C. Bernstein lifted their target price on shares of Home Depot from $381.00 to $390.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $416.00.

Home Depot Stock Performance

Shares of HD opened at $321.37 on Monday. The company has a market cap of $320.09 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 3.50 and a beta of 1.09. The business’s fifty day simple moving average is $371.56 and its two-hundred day simple moving average is $373.76. The Home Depot, Inc. has a 12 month low of $320.26 and a 12 month high of $426.75. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a $2.33 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s payout ratio is presently 65.50%.

Home Depot News Roundup

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

• Positive Sentiment: The Home Depot expanded its Pro digital experience with new project-management and AI tools aimed at contractors and professional renovators — a move that could deepen pro customer loyalty, drive repeat purchases and support margins over time. The Home Depot Expands Pro Digital Experience
• Positive Sentiment: Marketing push tied to FIFA World Cup 2026: HD partnered with David Beckham and launched promotions/sweepstakes to drive seasonal backyard and outdoor-project demand — a consumer-facing initiative that may lift traffic and average tickets in spring/summer. Home Depot Teams Up with David Beckham
• Neutral Sentiment: Valuation/technical re-check: Commentary and analysis pieces are asking whether recent weakness makes HD a buy, hold or avoid — helpful for investors re-assessing entry points but not an immediate catalyst. The write-up walks through valuation metrics amid the pullback. Is It Time To Reassess Home Depot?
• Neutral Sentiment: Broader market backdrop is bearish: analysts note major indexes fell below 200-day moving averages and sticky inflation may keep the Fed from cutting rates — a macro environment that increases volatility and investor risk aversion, which can pressure retail and cyclical names like HD. MarketBeat Week in Review
• Negative Sentiment: Unusually large put-option flow: Traders bought heavy volumes of HD puts (reports cite ~45,863 puts on a recent session, ~48% above typical daily put volume), signaling elevated hedging or outright bearish bets that can amplify near-term downside as sentiment shifts. Investors Buy High Volume of Put Options on Home Depot

Insider Activity

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 transaction of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction that occurred on Friday, December 26th. The stock was 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 owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by corporate 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.