National Bank of Canada FI Cuts Stock Position in The Home Depot, Inc. $HD

National Bank of Canada FI lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 36.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 771,927 shares of the home improvement retailer’s stock after selling 442,892 shares during the quarter. National Bank of Canada FI owned about 0.08% of Home Depot worth $312,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Silphium Asset Management Ltd grew its position in Home Depot by 77.2% during the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after purchasing an additional 5,900 shares during the last quarter. West Family Investments Inc. raised its holdings in shares of Home Depot by 65.6% in the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock worth $1,331,000 after buying an additional 1,438 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Home Depot by 0.3% during the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after buying an additional 3,608 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Home Depot by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after buying an additional 12,239 shares during the period. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of Home Depot by 59.9% during the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock valued at $43,533,000 after buying an additional 40,232 shares during the last quarter. 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: Home Depot launched a real-time delivery tracker for large/bulky materials tailored to Pro customers, offering minute-by-minute GPS updates to reduce jobsite delays and improve scheduling — a direct product that can deepen Pro loyalty and drive repeat sales. Home Depot Bets On Real Time Delivery Tracking To Deepen Pro Loyalty
• Positive Sentiment: Analyst and industry write-ups highlight the tracker as an omnichannel enhancement for bulky-item logistics, which strengthens Home Depot’s value proposition to contractors and could improve conversion and margin on Pro orders. Home Depot’s Real-Time Delivery Tracking Enhances Omnichannel Momentum
• Positive Sentiment: UBS raised its price target on HD to $450 (from $430) and stayed constructive, cited in coverage of the company’s Pro initiatives — a higher target from a major bank supports investor sentiment and valuation multiple expansion. The Home Depot, Inc. (HD) Launches Real-Time Delivery Tracker for Pro Customers
• Positive Sentiment: Analyst consensus remains favorable — coverage summaries show an average “Moderate Buy” recommendation, which underpins buying interest as the company executes on Pro and omnichannel initiatives. The Home Depot, Inc. (NYSE:HD) Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Longer-term retail roundups include Home Depot among durable retail ideas, which is supportive for buy-and-hold investors but is less likely to move the stock in the near term compared with company-specific catalysts. The Best 4 Retail Stocks to Buy and Hold for Decades
• Neutral Sentiment: Recent bullish write-ups recap HD’s valuation and fundamentals (trailing/forward P/E, recent EPS beat of $2.72 vs. $2.52 estimate, and FY2026 EPS guidance range), offering a mixed picture of modest revenue pressure but strong profitability metrics. These fundamentals provide context but are already reflected in current estimates. Is The Home Depot, Inc. (HD) A Good Stock To Buy Now?

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the sale, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. This represents a 17.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HD shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. UBS Group lifted their price target on Home Depot from $430.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. DA Davidson increased their price objective on Home Depot from $407.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. BNP Paribas Exane raised their price objective on Home Depot from $355.00 to $391.00 in a research note on Wednesday, February 25th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a report on Thursday. Twenty 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 data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $416.00.

Home Depot Trading Up 1.0%

NYSE HD opened at $342.44 on Tuesday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The company has a market capitalization of $340.90 billion, a PE ratio of 24.06, a P/E/G ratio of 12.20 and a beta of 1.09. The company has a fifty day moving average of $373.77 and a 200 day moving average of $375.91.

Home Depot (NYSE:HD) last announced its quarterly 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. The company had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend is Thursday, March 12th. Home Depot’s dividend 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.