Brookstone Capital Management Cuts Position in The Home Depot, Inc. $HD

Brookstone Capital Management decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 have also recently made changes to their positions in HD. Roble Belko & Company Inc boosted its position in shares of Home Depot by 101.5% in the 1st quarter. Roble Belko & Company Inc now owns 796 shares of the home improvement retailer’s stock worth $262,000 after purchasing an additional 401 shares in the last quarter. Smith Salley Wealth Management increased its position in Home Depot by 2.1% during the 1st quarter. Smith Salley Wealth Management now owns 21,452 shares of the home improvement retailer’s stock valued at $7,055,000 after buying an additional 442 shares in the last quarter. Southern Capital Advisors LLC increased its position 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 buying an additional 40 shares in the last quarter. Evolve Private Wealth LLC raised its stake in Home Depot by 14.0% during the first quarter. Evolve Private Wealth LLC now owns 6,402 shares of the home improvement retailer’s stock valued at $2,106,000 after buying an additional 784 shares during the last quarter. Finally, Allegheny Financial Group raised its stake in Home Depot by 2.4% during the first quarter. Allegheny Financial Group now owns 3,303 shares of the home improvement retailer’s stock valued at $1,086,000 after buying an additional 78 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 2.2%

Home Depot stock opened at $326.93 on Tuesday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a fifty day simple moving average of $322.99 and a two-hundred day simple moving average of $346.12. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a market cap of $325.98 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 3.86 and a beta of 0.97.

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 for the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the prior year, the company posted $3.56 earnings per share. The company’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. Equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Key Headlines 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

Analyst Ratings Changes

Several research firms have commented on HD. Morgan Stanley dropped their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. lowered their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Finally, Evercore reduced their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

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.