Ascent Group LLC Reduces Stock Position in The Home Depot, Inc. $HD

Ascent Group LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,411 shares of the home improvement retailer’s stock after selling 2,781 shares during the period. Ascent Group LLC’s holdings in Home Depot were worth $9,432,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Parvin Asset Management LLC lifted its holdings in Home Depot by 110.0% during the 3rd 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 in the last quarter. Sagard Holdings Management Inc. purchased a new position in Home Depot during the 2nd quarter valued at about $29,000. Financially Speaking Inc bought a new stake in shares of Home Depot during the third quarter valued at about $31,000. Disciplined Equity Management Inc. purchased a new stake in shares of Home Depot in the fourth quarter worth about $34,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Home Depot in the third quarter worth about $34,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on HD. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research note on Wednesday, February 25th. BNP Paribas Exane lowered their target price on shares of Home Depot from $391.00 to $348.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Piper Sandler cut their price target on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Telsey Advisory Group restated an “outperform” rating and set a $435.00 price target on shares of Home Depot in a research report on Wednesday, March 25th. Finally, Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Twenty 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, Home Depot has an average rating of “Moderate Buy” and an average target price of $414.17.

More Home Depot News

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

• Positive Sentiment: Named Franziska Bell (formerly Ford’s AI lead) as EVP & CTO to scale agentic AI — a move that could accelerate merchandising, supply-chain automation and customer personalization, supporting long‑term margin upside. Home Depot Recruits Ford Tech Leader to Scale Agentic AI
• Positive Sentiment: Expanding into HVAC distribution with the Mingledorff’s deal increases exposure to a ~$100B market in the Southeast and diversifies B2B revenue streams — management expects minimal leverage impact. This helps the growth/market‑reach story. Home Depot HVAC Deal Expands Market Reach And Shifts Investor Focus
• Neutral Sentiment: Still counts as a Dividend Aristocrat, which supports income investors’ interest but doesn’t change near‑term growth dynamics. Meet the Next Generation of Dividend Aristocrats
• Negative Sentiment: Shares hit a 52-week low amid broader market pressures and sector headwinds, a clear near-term bearish signal for momentum and sentiment. Home Depot stock hits 52-week low at $320.22 amid market pressures
• Negative Sentiment: Evercore cut its price target to $415, signaling reduced analyst upside and likely weighing on sentiment among momentum and target‑driven investors. Evercore Cuts Home Depot (NYSE:HD) Price Target to $415.00
• Negative Sentiment: Recent coverage highlights a downward move in the stock amid broader market gains and notes worrisome shifts in consumer behavior and slowing comparable‑sales trends — pressure on near‑term top‑line and margins. Home Depot (HD) Stock Sinks As Market Gains: Here’s Why

Home Depot Stock Performance

NYSE HD opened at $321.79 on Monday. The Home Depot, Inc. has a 52-week low of $318.66 and a 52-week high of $426.75. The company has a fifty day moving average of $361.06 and a 200-day moving average of $367.28. The company has a market capitalization of $320.51 billion, a P/E ratio of 22.61, a P/E/G ratio of 3.51 and a beta of 1.09. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Insider Activity at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Home Depot 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.