Spire Wealth Management Sells 6,727 Shares of The Home Depot, Inc. $HD

Spire Wealth Management cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,116 shares of the home improvement retailer’s stock after selling 6,727 shares during the period. Spire Wealth Management’s holdings in Home Depot were worth $7,610,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HD. Parvin Asset Management LLC grew its stake 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 valued at $26,000 after buying an additional 33 shares during the last quarter. Financially Speaking Inc purchased a new stake in shares of Home Depot in the third quarter worth approximately $31,000. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot during the 2nd quarter worth approximately $29,000. Imprint Wealth LLC purchased a new position in Home Depot during the 3rd quarter valued at $34,000. Finally, Dougherty Wealth Advisers LLC purchased a new position in Home Depot during the 3rd quarter valued at $38,000. 70.86% of the stock is currently owned by institutional investors.

Trending Headlines about Home Depot

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

• Positive Sentiment: Jefferies reiterates a bullish view after Home Depot’s acquisition of Mingledorff, saying the deal strengthens scale and financial stability — a catalyst supporting the rally. Jefferies Bullish on The Home Depot (HD) Following Mingledorff Acquisition Jefferies Bullish on The Home Depot (HD) Following Mingledorff Acquisition (MSN)
• Neutral Sentiment: Coverage piece on valuation notes a recent pullback in HD’s share price and highlights the company’s large revenue base — frames current moves as a partial de-risking/valuation reset rather than a structural problem. A Look At Home Depot (HD) Valuation After Recent Share Price Pullback
• Neutral Sentiment: Broader retail/tech coverage on how AI is changing shopping highlights opportunity and competitive pressure from platforms (Amazon, Walmart) that could alter online discovery — a longer-term thematic risk/opportunity for HD’s omnichannel strategy. AI Shopping Shift Puts Amazon, Walmart in Focus
• Neutral Sentiment: Commentary cautioning against “AI washing” suggests management messaging may overpromise on automation benefits — watch execution versus rhetoric. With AI Washing, C-Suite Lets Tech Take the Credit (and the Blame)
• Neutral Sentiment: General investor pieces flagging cash-generation concerns for some large stocks — contextually useful for dividend/ buyback investors but not an immediate company-specific headline. 3 Cash-Producing Stocks That Concern Us
• Neutral Sentiment: Routine market/quote pages and two small insider option-exercise notices (reported as $0) — no material insider selling or large insider buy disclosed in these filings. The Home Depot, Inc. (HD) Michael F Rowe Decides To Exercise Options At Home Depot Worth $0 Options Exercise Update At Home Depot: Teresa Wynn Roseborough Engages, Resulting In $0
• Negative Sentiment: Seeking Alpha downgrade argues HD faces macro headwinds (soft housing, weak consumer, margin pressure) and estimates a fair value well below the current price — a bearish catalyst that can keep near-term pressure on multiples. Stay Away From Home Depot Amid Macroeconomic Headwinds (Rating Downgrade)

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HD shares. Zacks Research upgraded Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. UBS Group reissued an “outperform” rating on shares of Home Depot in a research note on Tuesday, March 24th. Piper Sandler cut their price target on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Gordon Haskett raised their price target on shares of Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group decreased their price objective on shares of Home Depot from $413.00 to $409.00 in a report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.52.

Home Depot Trading Up 0.5%

HD opened at $323.13 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The stock’s fifty day moving average is $365.50 and its two-hundred day moving average is $369.98. The company has a market capitalization of $321.84 billion, a P/E ratio of 22.71, a PEG ratio of 3.51 and a beta of 1.09. The Home Depot, Inc. has a 52 week low of $320.26 and a 52 week high of $426.75.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share 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 business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same period in the prior year, the business earned $3.13 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s payout ratio is currently 65.50%.

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.