Campbell Newman Asset Management Inc. Reduces Stock Position in The Home Depot, Inc. $HD

Campbell Newman Asset Management Inc. lessened its position in The Home Depot, Inc. (NYSE:HD) by 39.7% during the first quarter, Holdings Channel.com reports. The fund owned 5,052 shares of the home improvement retailer’s stock after selling 3,332 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Home Depot were worth $1,662,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Roble Belko & Company Inc raised its stake in shares of Home Depot by 101.5% during the first quarter. Roble Belko & Company Inc now owns 796 shares of the home improvement retailer’s stock valued at $262,000 after acquiring an additional 401 shares during the last quarter. Smith Salley Wealth Management grew its stake in shares of Home Depot by 2.1% in the first quarter. Smith Salley Wealth Management now owns 21,452 shares of the home improvement retailer’s stock worth $7,055,000 after purchasing an additional 442 shares during the last quarter. Southern Capital Advisors LLC increased its holdings in Home Depot by 3.1% during the 1st quarter. Southern Capital Advisors LLC now owns 1,342 shares of the home improvement retailer’s stock valued at $441,000 after purchasing an additional 40 shares during the period. Evolve Private Wealth LLC increased its holdings in Home Depot by 14.0% during the 1st quarter. Evolve Private Wealth LLC now owns 6,402 shares of the home improvement retailer’s stock valued at $2,106,000 after purchasing an additional 784 shares during the period. Finally, Allegheny Financial Group increased its holdings in Home Depot by 2.4% during the 1st quarter. Allegheny Financial Group now owns 3,303 shares of the home improvement retailer’s stock valued at $1,086,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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

Home Depot Price Performance

HD stock opened at $326.93 on Tuesday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a 50-day moving average of $322.99 and a 200 day moving average of $346.12. The company has a market cap of $325.98 billion, a P/E ratio of 23.22, a PEG ratio of 3.86 and a beta of 0.97.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the previous year, the firm posted $3.56 EPS. The business’s 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. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on HD. Gordon Haskett increased their price objective on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Evercore reduced their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada dropped their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 20th. Finally, Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a report on Wednesday, May 20th. Nineteen 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

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.