CIBC Bancorp USA Inc. Makes New $60.11 Million Investment in The Home Depot, Inc. $HD

CIBC Bancorp USA Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 148,342 shares of the home improvement retailer’s stock, valued at approximately $60,107,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its holdings in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after buying an additional 1,433 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of Home Depot by 24.6% during the second quarter. Inspire Advisors LLC now owns 2,616 shares of the home improvement retailer’s stock valued at $959,000 after acquiring an additional 517 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its stake in shares of Home Depot by 4.8% during the second quarter. Wealthspire Advisors LLC now owns 49,688 shares of the home improvement retailer’s stock valued at $18,217,000 after acquiring an additional 2,288 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Home Depot 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 value of $940,669.50. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HD. UBS Group boosted their price target on Home Depot from $430.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. TD Cowen restated a “buy” rating on shares of Home Depot in a research note on Thursday, March 12th. Robert W. Baird lifted their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. The Goldman Sachs Group cut their target price on Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, February 25th. Twenty equities 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, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $416.00.

Home Depot Price Performance

Shares of NYSE HD opened at $330.75 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The company has a market capitalization of $329.27 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 3.73 and a beta of 1.09. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The business has a 50 day simple moving average of $373.26 and a 200-day simple moving average of $375.13.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion for 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 firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period 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 expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is 65.50%.

Trending Headlines about Home Depot

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

• Positive Sentiment: Expanded Pro digital experience: Home Depot announced new project‑management and AI tools aimed at professional renovators to streamline workflows and win more Pro business. This should help lifetime customer value and margins over time. The Home Depot Expands Pro Digital Experience
• Positive Sentiment: US footprint growth: Home Depot plans to open 12 new U.S. stores in 2026, adding ~1.6M+ sq ft of retail space — a signal of continued investment in physical presence and local market share gains. Home Depot to open 12 US stores in 2026 expansion
• Positive Sentiment: Service & seasonal demand initiatives: The company launched a real‑time Pro delivery tracker (improves productivity for contractors) and kicked off its Spring Starts seasonal promotion — both support near‑term sales and better Pro retention. Should Home Depot’s Real‑Time Pro Delivery Tracker Require Action From Investors? Spring Starts event
• Positive Sentiment: Investor endorsements: Home Depot appears in retail stock watchlists as an attractively positioned retailer, which can support medium‑term interest from buy‑and‑hold investors. The Top 2 Retail Stocks to Buy Right Now
• Neutral Sentiment: Analysts conflicted: Coverage shows mixed views on Home Depot vs. peers (Amazon, Garrett Motion), reflecting debate over consumer cyclical positioning and growth vs. margin tradeoffs. Short‑term analyst noise can increase volatility. Analysts Conflicted article
• Neutral Sentiment: Battery recycling coverage: Media notes Home Depot’s exposure to the growing battery recycling market (batteries are a core SKU), but commentary frames this as a long‑run opportunity rather than an immediate earnings driver. Battery recycling article
• Negative Sentiment: Unusually large put buying: Investors purchased 45,863 put options today (≈48% above average), signaling elevated bearish hedging or outright bearish bets. Heavy put flow can weigh on stock sentiment and drive intraday selling.

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.