Naviter Wealth LLC Decreases Stock Position in The Home Depot, Inc. $HD

Naviter Wealth LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,727 shares of the home improvement retailer’s stock after selling 1,938 shares during the period. Naviter Wealth LLC’s holdings in Home Depot were worth $3,347,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HD. Silphium Asset Management Ltd grew its stake in shares of Home Depot by 77.2% in the third 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. Truist Financial Corp grew its stake in shares of Home Depot by 0.3% in the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after purchasing an additional 3,608 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Home Depot by 2.3% in 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 purchasing an additional 12,239 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Home Depot by 59.9% in the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after purchasing an additional 40,232 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Home Depot in the third quarter worth about $1,888,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $336.06 on Thursday. The stock’s 50 day simple moving average is $357.82 and its two-hundred day simple moving average is $365.74. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The stock has a market cap of $334.72 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 3.51 and a beta of 1.09. The Home Depot, Inc. has a fifty-two week low of $315.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is presently 65.50%.

Key Home Depot News

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

• Positive Sentiment: Macro/market tailwind: A sharp drop in crude oil and headlines around a temporary Iran ceasefire reduced geopolitical risk and lifted consumer/retail names, providing immediate upward momentum for HD. Home Depot Shares Gain As Oil Crash Lifts Consumer Stocks
• Positive Sentiment: Valuation/contrarian view: Several pieces are framing HD as oversold or attractively discounted after recent weakness, which can prompt buying from value and income-oriented investors given HD’s dividend and long-term positioning. Oversold Home Depot stock not likely to fall much further
• Positive Sentiment: Analyst tweak: Erste Group nudged up its FY2028 EPS forecast for Home Depot (very modest), which supports the narrative that long-term earnings power remains intact despite near-term headwinds. MarketBeat – Erste Group estimate note
• Neutral Sentiment: Market-structure context: Coverage notes that HD is being watched as the Dow tests technical thresholds; that attention can intensify short-term volatility but doesn’t change fundamentals immediately. The Dow Tests a Key Technical Threshold. Watching Apple, Home Depot Stocks.
• Neutral Sentiment: Investor attention: Multiple news outlets and stock screener lists flag HD as a high-interest name (search traffic and “discounted stocks” lists), which can boost trading volume independent of fresh fundamental changes. 3 Discounted Stocks With Strong Rebound Potential
• Negative Sentiment: Business headwinds: Coverage highlights HD at a 52-week low and calls out weakening big-ticket demand, margin pressure from investments, and softer sales vs. year-ago levels — these are the core fundamental reasons for the sell-off that remains a risk to the stock. Home Depot Hits 52-Week Low: Time to Buy Now or Stay Cautious?
• Negative Sentiment: Investor skepticism: High-profile criticism (e.g., Jim Cramer highlighting it as a problematic position) and year-to-date declines amplify negative sentiment and can deter momentum investors. Jim Cramer Turns on Home Depot Stock

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot 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 of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. Daiwa Securities Group raised their target price on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Royal Bank Of Canada raised their target price on Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 25th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Evercore cut their target price on Home Depot from $425.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Finally, TD Cowen reissued a “buy” rating on shares of Home Depot in a research note on Thursday, March 12th. 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. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $414.17.

Home Depot Company 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.