Nan Fung Trinity HK Ltd. Acquires New Position in The Home Depot, Inc. $HD

Nan Fung Trinity HK Ltd. acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,959 shares of the home improvement retailer’s stock, valued at approximately $16,159,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Parvin Asset Management LLC increased its holdings 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 valued at $26,000 after buying an additional 33 shares during the last quarter. Key Capital Management INC bought a new stake in Home Depot in the fourth quarter valued at about $28,000. Financially Speaking Inc bought a new stake in Home Depot in the third quarter valued at about $31,000. Disciplined Equity Management Inc. bought a new stake in Home Depot in the fourth quarter valued at about $34,000. Finally, Family CFO Inc bought a new stake in Home Depot in the fourth quarter valued at about $34,000. 70.86% of the stock is owned by institutional investors.

Home Depot News Roundup

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

• Positive Sentiment: Erste Group raised its FY2028 earnings estimate for Home Depot, suggesting continued confidence in long-term profitability, with its forecast moving slightly higher to $16.30 per share from $16.26. This kind of estimate revision can help offset some negative sentiment around the stock.
• Positive Sentiment: Industry commentary continues to point to improving home improvement spending, with contractors still favoring Home Depot as one of their top destinations. That supports the case for steadier demand heading into future quarters. Home Improvement Spending Is, Well, Improving. Lowe’s Stock Looks Cheap.
• Neutral Sentiment: Home Depot and Hertz launched a nationwide military appreciation campaign that includes discounts and upgrades for service members and veterans. The initiative may help brand loyalty, but it is not likely to have an immediate material impact on earnings. Home Depot Hertz Military Campaign Aims To Deepen Long Term Loyalty
• Neutral Sentiment: Home Depot is drawing analyst attention in broader market coverage, but the article does not indicate a major new catalyst by itself. Home Depot, Apollo, Oscar, Nutrien, Enovix Trending With Analysts
• Negative Sentiment: Gordon Haskett lowered its price target on Home Depot from $395 to $330, signaling reduced upside expectations even though the new target still sits above the current share price. That kind of cut can weigh on investor sentiment. Gordon Haskett Adjusts Home Depot Price Target to 330 From 395

Home Depot Stock Performance

HD opened at $317.43 on Friday. The company has a market capitalization of $316.17 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 3.66 and a beta of 1.00. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The Home Depot, Inc. has a 1-year low of $310.40 and a 1-year high of $426.75. The business has a 50 day moving average price of $339.65 and a two-hundred day moving average price of $357.57.

Home Depot (NYSE:HD) last released its 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. The firm had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research 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 declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $2.33 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s dividend payout ratio is currently 65.50%.

Insider Activity

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. TD Cowen reissued a “buy” rating on shares of Home Depot in a report on Thursday, March 12th. Gordon Haskett lowered their price objective on Home Depot from $395.00 to $330.00 in a report on Friday. Bank of America initiated coverage on Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective for the company. Citigroup boosted their price objective on Home Depot from $407.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus 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.