Peapack Gladstone Financial Corp Has $65.95 Million Holdings in The Home Depot, Inc. $HD

Peapack Gladstone Financial Corp lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,648 shares of the home improvement retailer’s stock after selling 1,698 shares during the quarter. Home Depot makes up 0.8% of Peapack Gladstone Financial Corp’s investment portfolio, making the stock its 27th largest holding. Peapack Gladstone Financial Corp’s holdings in Home Depot were worth $65,947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Norges Bank purchased a new position in Home Depot during the 4th quarter valued at about $4,850,329,000. Wellington Management Group LLP grew its stake in Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after acquiring an additional 3,836,051 shares in the last quarter. Vanguard Group Inc. grew its stake in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after acquiring an additional 1,325,748 shares in the last quarter. Franklin Resources Inc. grew its stake in Home Depot by 37.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after acquiring an additional 1,040,577 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Home Depot by 215.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock valued at $429,648,000 after acquiring an additional 852,719 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho lowered their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Bank of America assumed coverage on Home Depot in a research note on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price on the stock. DA Davidson lowered their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Wells Fargo & Company lowered their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Citigroup lowered their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $371.39.

Home Depot Trading Up 0.1%

Shares of NYSE HD opened at $317.41 on Monday. The stock has a market cap of $316.49 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 3.66 and a beta of 0.97. The business has a 50 day simple moving average of $324.70 and a 200 day simple moving average of $349.61. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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 business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Key Home Depot News

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

• Positive Sentiment: Home Depot is expanding store-based services by testing on-site car key duplication through a partnership with KeyMe Locksmiths, which could deepen customer relationships and support more traffic and cross-selling in stores. Home Depot Tests On Site Car Key Service To Deepen Store Relationships
• Neutral Sentiment: JPMorgan-style market commentary and a broader “home improvement stocks” roundup suggest investors are still watching the sector closely, but this looks more like a reference piece than a direct catalyst for Home Depot. Top Home Improvement Stocks To Follow Today – May 28th
• Negative Sentiment: Zacks Research trimmed several forward EPS estimates for Home Depot, including FY2027, FY2028, FY2029 and multiple quarterly forecasts, while keeping a “Hold” rating. That points to slightly softer expectations for future earnings growth.
• Negative Sentiment: Jim Cramer singled out Home Depot as one of the market’s “legitimate disappointments,” tying weaker performance to rising interest rates, which can weigh on home-improvement demand and investor sentiment. Jim Cramer on Home Depot: “I Was Honestly Bracing for the Worst Here”

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’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 value of $940,669.50. Following the completion of the sale, the chief financial officer 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

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.