Assenagon Asset Management S.A. Sells 25,886 Shares of The Home Depot, Inc. $HD

Assenagon Asset Management S.A. lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 824,040 shares of the home improvement retailer’s stock after selling 25,886 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Home Depot worth $283,552,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HD. Parvin Asset Management LLC boosted its stake in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Sagard Holdings Management Inc. bought a new position in shares of Home Depot in the second quarter worth about $29,000. Financially Speaking Inc purchased a new position in Home Depot in the 3rd quarter worth about $31,000. Imprint Wealth LLC purchased a new position in Home Depot in the 3rd quarter worth about $34,000. Finally, Dougherty Wealth Advisers LLC bought a new stake in Home Depot during the 3rd quarter valued at about $38,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on HD. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup raised their target price on shares of Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. TD Cowen reiterated a “buy” rating on shares of Home Depot in a report on Thursday, March 12th. BNP Paribas Exane dropped their price objective on Home Depot from $391.00 to $348.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus reduced their price objective on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $414.52.

Home Depot Stock Down 0.0%

Shares of Home Depot stock opened at $330.83 on Wednesday. The Home Depot, Inc. has a 52-week low of $320.26 and a 52-week high of $426.75. The firm’s 50 day moving average price is $369.70 and its 200-day moving average price is $372.56. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The company has a market cap of $329.51 billion, a P/E ratio of 23.25, a PEG ratio of 3.62 and a beta of 1.09.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period last year, the firm earned $3.13 earnings per share. Home Depot’s revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, sell-side 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 disclosed 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 of this dividend is Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is 65.50%.

Home Depot News Roundup

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

• Positive Sentiment: SRS Distribution (Home Depot subsidiary) agreed to acquire Mingledorff’s, adding 42 HVAC locations across five southeastern states — expands HD’s Pro distribution footprint, strengthens HVAC capabilities, and increases total addressable market to roughly $1.2T. The Home Depot Subsidiary SRS Distribution Enters into Agreement to Acquire Wholesale HVAC Distributor Mingledorff’s
• Positive Sentiment: Home Depot is enhancing its digital Pro shopping experience with AI-driven project planning and management tools to help contractors manage materials, timelines and deliveries — a move that should improve retention, basket size and margins in the Pro channel. The Home Depot beefs up digital shopping experience for pros
• Neutral Sentiment: Several market commentaries (Zacks, Yahoo) show elevated investor attention and comparison pieces highlighting Home Depot as a watched blue‑chip — useful for flow/interest but not an immediate fundamental catalyst. The Home Depot, Inc. (HD) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: BNP Paribas Exane cut its price target on HD from $391 to $348 and put a neutral rating on the stock — a valuation downgrade that can weigh on sentiment and near‑term share performance despite the company’s operational initiatives. BNP Paribas Exane price target cut

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard V. Mcphail sold 2,550 shares of the company’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 directly owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by insiders.

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.