ABC Arbitrage SA Purchases Shares of 6,899 The Home Depot, Inc. $HD

ABC Arbitrage SA acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,899 shares of the home improvement retailer’s stock, valued at approximately $2,374,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Parvin Asset Management LLC raised its position in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Key Capital Management INC acquired a new stake in Home Depot during the fourth quarter valued at approximately $28,000. Financially Speaking Inc acquired a new stake in Home Depot during the third quarter valued at approximately $31,000. Disciplined Equity Management Inc. bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $34,000. Finally, Family CFO Inc bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $34,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 1.9%

Shares of HD opened at $311.36 on Tuesday. 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 price-to-earnings ratio of 21.88, a PEG ratio of 3.66 and a beta of 1.00. The stock has a fifty day moving average price of $337.21 and a two-hundred day moving average price of $356.50. The Home Depot, Inc. has a 52-week low of $309.71 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last announced its 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 company had revenue of $38.20 billion for 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 business’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. Analysts predict that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a dividend of $2.33 per share. 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%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is currently 65.50%.

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

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the business’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 completion of the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HD shares. UBS Group restated an “outperform” rating on shares of Home Depot in a research report on Tuesday, March 24th. Gordon Haskett lowered their price target on Home Depot from $395.00 to $330.00 in a research report on Friday. Daiwa Securities Group lifted their price objective on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Sanford C. Bernstein boosted their target price on shares of Home Depot from $381.00 to $390.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. Finally, Truist Financial set a $424.00 target price on shares of Home Depot in a report on Tuesday, February 24th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $410.86.

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.