Illinois Municipal Retirement Fund Sells 2,612 Shares of The Home Depot, Inc. $HD

Illinois Municipal Retirement Fund cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,468 shares of the home improvement retailer’s stock after selling 2,612 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Home Depot were worth $21,839,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. RM Financial Services LLC acquired a new stake in Home Depot during the 4th quarter worth about $560,000. J.Safra Asset Management Corp raised its position in shares of Home Depot by 88.6% in the 4th quarter. J.Safra Asset Management Corp now owns 3,737 shares of the home improvement retailer’s stock worth $1,286,000 after acquiring an additional 1,756 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Home Depot by 3.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 451,541 shares of the home improvement retailer’s stock valued at $155,376,000 after purchasing an additional 15,593 shares during the period. Paragon Private Wealth Management LLC boosted its position in shares of Home Depot by 6.8% during the 4th quarter. Paragon Private Wealth Management LLC now owns 2,784 shares of the home improvement retailer’s stock valued at $958,000 after purchasing an additional 177 shares in the last quarter. Finally, First Dallas Securities Inc. boosted its position in shares of Home Depot by 11.2% during the 4th quarter. First Dallas Securities Inc. now owns 11,214 shares of the home improvement retailer’s stock valued at $3,859,000 after purchasing an additional 1,130 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Key Home Depot News

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

• Positive Sentiment: Analysts and commentators are highlighting Home Depot as a high-quality long-term compounder with a strong competitive moat, which can support buying interest on weakness. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Coverage is focused on Home Depot’s Pro expansion strategy, including recent acquisitions such as Mingledorff’s, SRS, and GMS, which could deepen its contractor/logistics platform and expand cross-selling opportunities. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Jim Cramer said Home Depot looks like “a good level,” which may encourage dip-buying from retail investors and traders. Jim Cramer on Home Depot: “I Think That This Is a Good Level”
• Positive Sentiment: Home Depot continues to draw “buy” and “outperform” calls from Wall Street, reinforcing confidence in the stock’s longer-term earnings power. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Positive Sentiment: Recent reporting also points to a legal win that may reduce liability risk, while broader market rotation into non-tech names is benefiting retailers like Home Depot. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Neutral Sentiment: Several articles are more promotional or commentary-driven than fundamentally new, so they may be adding to investor optimism without changing the core business outlook. My Favorite S&P 500 Stock to Buy During the Dip
• Negative Sentiment: Some recent coverage notes that cyclical economic pressures have hurt Home Depot’s results, which remains a headwind for the stock even amid positive long-term commentary. My Favorite S&P 500 Stock to Buy During the Dip

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HD. DA Davidson lowered their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Oppenheimer cut their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Gordon Haskett reduced their price objective on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $346.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Finally, Mizuho dropped their target price on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Nineteen investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $371.36.

Home Depot Stock Performance

Shares of HD stock opened at $319.80 on Thursday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The firm has a 50-day moving average of $322.51 and a 200-day moving average of $347.29. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a market cap of $318.88 billion, a P/E ratio of 22.71, a P/E/G ratio of 3.71 and a beta of 0.97.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the previous year, the company earned $3.56 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 4th. Home Depot’s payout ratio is presently 66.19%.

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.