Fisher Funds Management LTD Sells 12,329 Shares of The Home Depot, Inc. $HD

Fisher Funds Management LTD decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 19.2% in the first quarter, HoldingsChannel reports. The firm owned 51,973 shares of the home improvement retailer’s stock after selling 12,329 shares during the quarter. Fisher Funds Management LTD’s holdings in Home Depot were worth $17,093,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Balboa Wealth Partners lifted its position in shares of Home Depot by 1.4% in the first quarter. Balboa Wealth Partners now owns 3,450 shares of the home improvement retailer’s stock worth $1,135,000 after buying an additional 49 shares in the last quarter. Forbes J M & Co. LLP grew its holdings in Home Depot by 1.3% during the 1st quarter. Forbes J M & Co. LLP now owns 25,567 shares of the home improvement retailer’s stock valued at $8,409,000 after buying an additional 339 shares in the last quarter. First Community Trust NA grew its holdings in Home Depot by 43.4% during the 1st quarter. First Community Trust NA now owns 694 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 210 shares in the last quarter. Sheets Smith Wealth Management increased its stake in Home Depot by 0.8% in the 1st quarter. Sheets Smith Wealth Management now owns 12,800 shares of the home improvement retailer’s stock worth $4,210,000 after acquiring an additional 102 shares during the last quarter. Finally, Triad Wealth Partners LLC increased its stake in Home Depot by 1.3% in the 1st quarter. Triad Wealth Partners LLC now owns 4,078 shares of the home improvement retailer’s stock worth $1,341,000 after acquiring an additional 54 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HD shares. DA Davidson lowered their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Robert W. Baird reduced their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Citigroup decreased their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Oppenheimer lowered their price target on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a report on Monday, May 18th. Finally, Jefferies Financial Group dropped their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Nineteen 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Performance

Shares of NYSE:HD opened at $326.93 on Tuesday. The firm has a market cap of $325.98 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97. The firm’s 50 day simple moving average is $322.99 and its 200-day simple moving average is $346.12. The Home Depot, Inc. has a one year low of $289.10 and a one year 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the previous year, the business earned $3.56 earnings per share. Home Depot’s quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.9%. Home Depot’s payout ratio is 66.19%.

Key Stories Impacting Home Depot

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

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.