California State Teachers Retirement System Decreases Stock Position in The Home Depot, Inc. $HD

California State Teachers Retirement System cut its holdings in The Home Depot, Inc. (NYSE:HD) by 2.4% during the 1st quarter, Holdings Channel reports. The firm owned 1,503,048 shares of the home improvement retailer’s stock after selling 37,386 shares during the period. Home Depot comprises approximately 0.5% of California State Teachers Retirement System’s investment portfolio, making the stock its 29th biggest holding. California State Teachers Retirement System’s holdings in Home Depot were worth $494,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares during the period. Schnieders Capital Management LLC. grew its position in Home Depot by 14.1% during the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after acquiring an additional 1,433 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth about $1,773,000. Finally, Financial Advisors Network Inc. grew its stake in Home Depot by 11.3% during the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after buying an additional 241 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HD. BNP Paribas Exane lowered their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. TD Cowen lowered their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Evercore dropped their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. DA Davidson restated a “buy” rating and issued a $377.00 target price on shares of Home Depot in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Price Performance

Shares of HD opened at $344.74 on Wednesday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a market capitalization of $343.75 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. The stock’s fifty day moving average is $331.08 and its 200-day moving average is $344.60. 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 issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s payout ratio is 66.19%.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot announced a new renovation initiative with Boys & Girls Clubs, reinforcing its community-focused brand and potentially supporting customer engagement. The program is unlikely to materially affect near-term earnings but contributed to the positive news flow. Home Depot Stock Surges With New Boys & Girls Clubs Renovation Plan
• Positive Sentiment: Investors appeared to favor HD as a relatively defensive retail name while technology stocks weakened. Social-media commentary pointed to steady share accumulation, and August call-option activity surged as traders positioned for possible volatility ahead of the company’s mid-August earnings report. Home Depot Options Activity and Defensive Rotation
• Positive Sentiment: DA Davidson reaffirmed its “Buy” rating and set a $377 price target, implying additional upside from the cited share price. Analysts tracked by Quiver Quantitative had a median target of $376, with several targets ranging from $369 to $430. DA Davidson Reaffirms Buy Rating
• Positive Sentiment: The latest reported quarter exceeded expectations, with earnings per share of $3.43 versus a $3.41 consensus and revenue of $41.77 billion versus $41.59 billion expected. Revenue grew 4.8% year over year, supporting the longer-term investment case.
• Neutral Sentiment: Institutional positioning was mixed: 1,756 investors added HD shares while 1,877 reduced holdings in the latest reporting period. Insider activity was more cautious, with two executives selling shares and no reported insider purchases during the past six months.
• Negative Sentiment: Recent analysis highlighted underlying risks including elevated leverage, housing-market weakness, mortgage-rate sensitivity and potentially pressured discretionary consumer spending. These issues could limit big-ticket home-improvement demand and create volatility around earnings. Home Depot Problems Brewing Underneath the Surface

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.