Brookstone Capital Management Sells 2,890 Shares of The Home Depot, Inc. $HD

Brookstone Capital Management reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,562 shares of the home improvement retailer’s stock after selling 2,890 shares during the period. Brookstone Capital Management’s holdings in Home Depot were worth $11,038,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HD. Parvin Asset Management LLC raised its position in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Advocate Investing Services LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $25,000. Key Capital Management INC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $28,000. Imprint Wealth LLC purchased a new position in shares of Home Depot during the third quarter valued at approximately $34,000. Finally, Abound Financial LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $29,000. 70.86% of the stock is owned by institutional investors.

Home Depot News Summary

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

• Positive Sentiment: Several articles highlight Home Depot’s margin resilience, strong Pro business, and strategic expansion, suggesting the company may be able to offset a weak housing backdrop better than expected. Can Margin Strength Offset Demand Challenges at Home Depot?
• Positive Sentiment: Analysts and market commentators continue to frame HD as a resilient dividend and quality stock, with some pointing to improved investment appeal thanks to dividend consistency and stable profitability. How Dividend Consistency and Margin Resilience At Home Depot (HD) Have Changed Its Investment Story
• Positive Sentiment: Some recent commentary argues Home Depot could benefit from a residential recovery, especially if lower home prices eventually spur more renovation activity. Here is why The Home Depot, Inc. (HD) is among the Best Building Materials Stocks to Buy for the Residential Recovery
• Neutral Sentiment: Home Depot’s latest reported quarter beat expectations modestly, with revenue and EPS both slightly ahead of estimates, but growth remains modest versus last year.
• Neutral Sentiment: Several market pieces note that HD still looks resilient despite a muted home-improvement backdrop, but these articles mainly reinforce the current valuation and chart setup rather than introducing a new catalyst. Home Depot: A New Corporate Focus, But Familiar Valuation And Chart Stories
• Negative Sentiment: The main bearish theme is still soft demand: one article says Home Depot “still needs to do more,” implying the market wants clearer improvement in customer spending before re-rating the stock. Home Depot: Demand Still Needs To Do More
• Negative Sentiment: Higher interest rates remain a headwind for home-improvement retailers, and one report noted HD and Lowe’s fell after the Fed held rates steady, underscoring investor concern that housing-related spending may stay sluggish. Why Home Depot and Lowe’s fell after the Fed held interest rates steady

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. Evercore decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Jefferies Financial Group cut their price target on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Stifel Nicolaus reduced their price objective on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. The Goldman Sachs Group decreased their price objective on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, Wells Fargo & Company dropped their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Nineteen investment 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Down 2.2%

Shares of NYSE:HD opened at $326.93 on Tuesday. The firm has a market capitalization of $325.98 billion, a P/E ratio of 23.22, a P/E/G ratio of 3.86 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The stock has a 50 day moving average price of $322.99 and a 200-day moving average price of $346.12. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

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.