The Home Depot, Inc. $HD Shares Acquired by Balefire LLC

Balefire LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 46.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,108 shares of the home improvement retailer’s stock after buying an additional 1,624 shares during the period. Balefire LLC’s holdings in Home Depot were worth $1,758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Brighton Jones LLC lifted its holdings in shares of Home Depot by 36.5% in 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 during the last quarter. Sivia Capital Partners LLC grew its stake in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after buying an additional 173 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after buying an additional 1,433 shares during the last quarter. XTX Topco Ltd acquired a new position in Home Depot during the second quarter worth approximately $549,000. Finally, Garner Asset Management Corp increased its position in Home Depot by 8.7% during the second quarter. Garner Asset Management Corp now owns 1,616 shares of the home improvement retailer’s stock worth $592,000 after buying an additional 130 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Piper Sandler decreased their price objective on Home Depot from $441.00 to $422.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Truist Financial set a $424.00 target price on shares of Home Depot in a report on Tuesday, February 24th. Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Gordon Haskett increased their price target on shares of Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Finally, Wolfe Research raised their price objective on shares of Home Depot from $413.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $414.52.

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: SRS Distribution (Home Depot subsidiary) agreed to acquire Mingledorff’s, expanding HD’s Pro footprint into HVAC distribution and targeting a large (~$100B) market opportunity. Home Depot Expands Pro Business With HVAC Distributor Acquisition
• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and set a $435 price target, signaling continued analyst upside expectations. Telsey reaffirms outperform on HD
• Positive Sentiment: J.P. Morgan and other analysts have reiterated bullish views on HD’s strategy to grow Pro sales (coverage highlights and Buy ratings), supporting longer‑term revenue diversification. Expanding the Pro Platform
• Neutral Sentiment: HD’s CFO will present at the J.P. Morgan Retail Round Up Forum on April 9 — a routine investor event that could offer incremental clarity but is not likely to move the stock materially by itself. Home Depot to Present at the J.P. Morgan Retail Round Up Forum
• Neutral Sentiment: Media/TV coverage (Jim Cramer) notes institutional holders remaining invested as a rate-cut hedge, reflecting confidence but not new fundamental news. Jim Cramer Notes That the Charitable Trust Holds On to Home Depot
• Neutral Sentiment: HD plans to open 12 new U.S. stores in 2026, a steady expansion that supports growth but is a longer‑term positive rather than an immediate catalyst. Home Depot to open 12 new US stores in 2026
• Negative Sentiment: Macroeconomic/housing weakness: coverage highlights slow new‑home sales and a still‑fragile housing recovery, which weigh on demand for big‑ticket home improvement and may be pressuring the stock despite strategic initiatives. Home Depot shows it has faith in a housing market rebound
• Negative Sentiment: Analysts remain conflicted on consumer‑cyclical names including HD (mixed ratings/concerns about near‑term comps), adding uncertainty that can cap near‑term upside. Analysts Conflicted on These Consumer Cyclical Names

Home Depot Trading Down 1.3%

Shares of HD stock opened at $328.30 on Friday. The company has a market capitalization of $326.99 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 3.63 and a beta of 1.09. 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 business’s 50 day moving average is $367.82 and its two-hundred day moving average is $371.98. The Home Depot, Inc. has a twelve month low of $320.26 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same quarter in the prior year, the business earned $3.13 earnings per share. The company’s quarterly 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. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed 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. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is currently 65.50%.

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.