Central Pacific Bank Trust Division Sells 2,391 Shares of The Home Depot, Inc. $HD

Central Pacific Bank Trust Division reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 42.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,176 shares of the home improvement retailer’s stock after selling 2,391 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Home Depot were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Vanguard Group Inc. increased its position in shares of Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after buying an additional 1,325,748 shares during the period. State Street Corp increased its holdings in Home Depot by 1.8% during the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after acquiring an additional 825,164 shares during the period. Geode Capital Management LLC lifted its stake in Home Depot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares in the last quarter. Bank of America Corp DE lifted its stake in Home Depot by 1.6% in the 1st quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock worth $5,365,629,000 after purchasing an additional 250,825 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Home Depot by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after purchasing an additional 1,113,114 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Bank of America started coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective on the stock. Truist Financial decreased their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Stifel Nicolaus lowered their price target on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Monday, May 18th. DA Davidson reiterated a “buy” rating and set a $377.00 price target on shares of Home Depot in a research report on Monday, July 27th. Finally, BNP Paribas Exane cut their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $371.71.

More Home Depot News

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

• Positive Sentiment: Home Depot is consolidating its technology teams under its new executive vice president and chief technology officer to accelerate innovation. The move could improve operational efficiency, digital capabilities and customer engagement over time. Home Depot reshuffles leadership to accelerate tech innovation
• Positive Sentiment: Wall Street analysts remain moderately optimistic on HD, with the average brokerage recommendation equivalent to “Buy.” This supports sentiment, although the concentration of bullish ratings reduces the reliability of the consensus as a standalone investment signal. Is Home Depot a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Discussion of potentially easing interest rates provides a favorable backdrop for Home Depot because lower borrowing costs may improve housing activity, renovation demand and large-ticket purchases. How Is Home Depot Placed as Rates Ease?
• Neutral Sentiment: Home Depot will release its second-quarter results and host an earnings conference call on August 18. The event is a near-term catalyst, but the announcement itself provides no updated guidance or results. The Home Depot to Host Second Quarter Earnings Conference Call
• Neutral Sentiment: A seasonal “Christmas in July” merchandise collection generated attention, but the promotion is unlikely to materially affect earnings or valuation. Home Depot Stock Gains With 2026 Christmas in July Collection
• Negative Sentiment: A lawsuit alleges that Home Depot used customer data in ways that violated shoppers’ rights. Although the financial impact is uncertain, the case creates legal, reputational and potential compliance risks. Home Depot accused of using customers to boost profit

Home Depot Trading Up 1.7%

Shares of HD stock opened at $354.03 on Thursday. The business has a 50-day moving average price of $334.43 and a two-hundred day moving average price of $343.22. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The firm has a market cap of $353.01 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 4.02 and a beta of 0.95.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is 66.19%.

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.