Matrix Asset Advisors Inc. NY Acquires 2,412 Shares of The Home Depot, Inc. $HD

Matrix Asset Advisors Inc. NY increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,466 shares of the home improvement retailer’s stock after purchasing an additional 2,412 shares during the quarter. Home Depot accounts for 1.6% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 27th biggest holding. Matrix Asset Advisors Inc. NY’s holdings in Home Depot were worth $17,366,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HD. Vanguard Group Inc. lifted its stake in Home Depot by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer’s stock valued at $39,834,241,000 after acquiring an additional 331,217 shares during the period. State Street Corp grew its stake in shares of Home Depot by 0.7% in the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock worth $16,871,246,000 after acquiring an additional 300,352 shares during the period. Capital Research Global Investors raised its holdings in shares of Home Depot by 0.3% during the third quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock valued at $4,619,229,000 after purchasing an additional 30,739 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Home Depot by 2.0% during the third quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer’s stock valued at $4,104,694,000 after purchasing an additional 197,211 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot is expanding into HVAC distribution with the acquisition of Mingledorff’s, increasing exposure to a ~$100B HVAC market in the Southeast and signaling growth beyond core retail. The deal is expected to keep Mingledorff’s leadership in place and have minimal near‑term leverage impact. Read More.
• Positive Sentiment: The company appointed Franziska Bell to lead its AI-driven technology strategy as CTO, a move aimed at customer experience and operational efficiency that could improve margins and productivity over time. Read More.
• Positive Sentiment: Home Depot broadened its online assortment through a supplier partnership (AXIL Brands) that adds specialty products to HomeDepot.com, supporting incremental e‑commerce sales. Read More.
• Neutral Sentiment: Evercore lowered its price target on HD from $425 to $415 but kept an Outperform rating, reflecting confidence in the long-term story despite near-term headwinds. That keeps institutional backing but removes some upside cushion. Read More.
• Neutral Sentiment: Coverage pieces place Home Depot among large-cap stocks with mixed potential — highlighting stable dividend/scale attributes but also slower growth versus peers; this frames HD as a steadier income/quality holding rather than a high-growth pick. Read More.
• Negative Sentiment: Despite beating EPS estimates last quarter ($2.72 vs. $2.52), Home Depot reported revenue down ~3.8% Y/Y and set FY2026 EPS guidance in the $14.23–$14.80 range, below some sell‑side forecasts — a combination that pressures near‑term sentiment and valuation multiples. Read More.
• Negative Sentiment: Analysts and coverage highlight a worrisome shift in consumer behavior and intensifying competition from Lowe’s (which is upgrading its shopping experience), both of which could weigh on same‑store sales and margin recovery. Read More.
• Negative Sentiment: Sector headlines and other retail misses (e.g., peer earnings volatility) are pressuring stocks in the space, increasing risk aversion among investors and amplifying downside for HD until clearer sales/margin improvement shows up. Read More.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HD. Jefferies Financial Group lifted their target price on shares of Home Depot from $424.00 to $454.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Oppenheimer lowered their price target on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a report on Friday, December 5th. Gordon Haskett lifted their price objective on Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. BNP Paribas Exane reduced their price objective on Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Finally, Morgan Stanley increased their target price on Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $414.17.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 2.4%

Shares of HD stock opened at $321.79 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 12 month low of $318.66 and a 12 month high of $426.75. The stock has a market cap of $320.51 billion, a P/E ratio of 22.61, a P/E/G ratio of 3.60 and a beta of 1.09. The company has a 50 day simple moving average of $362.29 and a two-hundred day simple moving average of $368.71.

Home Depot (NYSE:HD) last issued 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. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. During the same quarter last year, the company posted $3.13 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a dividend of $2.33 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s dividend payout ratio is presently 65.50%.

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.