Bailard Inc. Sells 3,040 Shares of The Home Depot, Inc. $HD

Bailard Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,342 shares of the home improvement retailer’s stock after selling 3,040 shares during the period. Bailard Inc.’s holdings in Home Depot were worth $31,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares in the last quarter. Financially Speaking Inc bought a new position in shares of Home Depot in the 3rd quarter worth about $31,000. Key Capital Management INC bought a new position in shares of Home Depot in the 4th quarter worth about $28,000. Imprint Wealth LLC bought a new position in shares of Home Depot in the 3rd quarter worth about $34,000. Finally, AXS Investments LLC bought a new position in shares of Home Depot in the 3rd quarter worth about $38,000. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HD. Truist Financial set a $424.00 price objective on Home Depot in a research report on Tuesday, February 24th. Wolfe Research lifted their price objective on Home Depot from $413.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada lifted their price objective on Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 25th. Evercore lowered their price objective on Home Depot from $425.00 to $415.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Finally, TD Cowen reissued a “buy” rating on shares of Home Depot in a research report on Thursday, March 12th. Twenty investment 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. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $410.86.

Home Depot Stock Down 1.9%

HD stock opened at $311.36 on Tuesday. The stock’s 50 day simple moving average is $337.21 and its 200 day simple moving average is $356.50. The Home Depot, Inc. has a fifty-two week low of $309.71 and a fifty-two week high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The company has a market cap of $310.13 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 3.66 and a beta of 1.00.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the prior year, the business earned $3.13 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a dividend of $2.33 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was 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 represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot’s subsidiary SRS Distribution completed its acquisition of HVAC distributor Mingledorff’s, expanding its footprint in the residential and commercial HVAC market and supporting long-term growth through a larger pro-services platform. SRS Distribution Completes Acquisition of HVAC Distributor Mingledorff’s
• Positive Sentiment: Home Depot is getting added brand exposure through a partnership with Men in Blazers tied to the 2026 World Cup, which could help strengthen customer engagement and marketing reach. How Home Depot is crafting content on the road to the World Cup
• Positive Sentiment: Some market commentary highlighted HD as a beneficiary if inflation cools and rate-cut expectations improve, since lower mortgage rates could support housing-related spending and home improvement demand. 3 Stocks That Win If Inflation Surprises to the Downside (HD)
• Neutral Sentiment: News about a burrito business operating in a Home Depot parking lot appears unrelated to the company’s fundamentals and is unlikely to affect the stock meaningfully. California duo opened a burrito spot in a Home Depot parking lot
• Negative Sentiment: HD also traded lower after a market-wide rally, suggesting investors are taking profits and focusing on the stock’s recent weakness versus the broader market. Home Depot (HD) Stock Sinks As Market Gains: What You Should Know
• Negative Sentiment: Another M&A-focused note framed the Mingledorff’s deal as a reason for the stock slipping, likely because the market is treating the acquisition as incremental rather than a near-term catalyst. M&A News: Home Depot Stock (NYSE:HD) Slips as Mingledorff’s Acquisition Concludes

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.