The Home Depot, Inc. $HD Stock Holdings Lowered by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC lessened its position in The Home Depot, Inc. (NYSE:HD) by 28.8% during the fourth quarter, Holdings Channel reports. The fund owned 4,211 shares of the home improvement retailer’s stock after selling 1,707 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Home Depot were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HD. Parvin Asset Management LLC boosted its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the period. Key Capital Management INC acquired a new stake in Home Depot in the 4th quarter valued at approximately $28,000. Financially Speaking Inc bought a new stake in Home Depot during the 3rd quarter valued at $31,000. Imprint Wealth LLC bought a new stake in Home Depot during the 3rd quarter valued at $34,000. Finally, Disciplined Equity Management Inc. bought a new stake in Home Depot during the 4th quarter valued at $34,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HD shares. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price target on shares of Home Depot in a research note on Wednesday, March 25th. Sanford C. Bernstein lifted their price objective 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. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a report on Thursday, March 12th. Jefferies Financial Group increased their target price on shares of Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Finally, DA Davidson boosted their price target on shares of Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $414.17.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The shares were 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 $16,439,951.74. The trade was a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Home Depot Stock Down 1.4%

HD opened at $324.22 on Friday. The Home Depot, Inc. has a one year low of $315.31 and a one year high of $426.75. 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 stock’s fifty day moving average is $343.27 and its 200-day moving average is $359.36. The company has a market capitalization of $322.93 billion, a PE ratio of 22.78, a P/E/G ratio of 3.59 and a beta of 1.09.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $2.33 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. Home Depot’s payout ratio is 65.50%.

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.