Goldenstone Wealth Management LLC Acquires New Position in The Home Depot, Inc. $HD

Goldenstone Wealth Management LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,553 shares of the home improvement retailer’s stock, valued at approximately $879,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Blackston Financial Advisory Group LLC grew its position in Home Depot by 4.2% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,005 shares of the home improvement retailer’s stock valued at $690,000 after purchasing an additional 80 shares in the last quarter. KDT Advisors LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $280,000. Cypress Capital LLC grew its position in Home Depot by 1.4% during the fourth quarter. Cypress Capital LLC now owns 7,675 shares of the home improvement retailer’s stock valued at $2,641,000 after purchasing an additional 104 shares in the last quarter. Griffin Asset Management Inc. grew its position in Home Depot by 5.2% during the fourth quarter. Griffin Asset Management Inc. now owns 42,681 shares of the home improvement retailer’s stock valued at $14,687,000 after purchasing an additional 2,118 shares in the last quarter. Finally, CWS Financial Advisors LLC grew its position in Home Depot by 11.3% during the fourth quarter. CWS Financial Advisors LLC now owns 3,463 shares of the home improvement retailer’s stock valued at $1,192,000 after purchasing an additional 352 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on HD. Evercore decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday. Guggenheim reissued a “buy” rating and issued a $425.00 target price on shares of Home Depot in a research report on Wednesday. The Goldman Sachs Group decreased their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Friday, March 27th. Finally, Citigroup reduced their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Twenty 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $372.29.

Home Depot Price Performance

NYSE:HD opened at $310.66 on Thursday. The stock has a market cap of $309.42 billion, a P/E ratio of 22.06, a PEG ratio of 3.49 and a beta of 1.00. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a fifty day moving average price of $328.56 and a 200 day moving average price of $352.55. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.26.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $2.33 dividend. The ex-dividend date was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is currently 65.50%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot reported Q1 fiscal 2026 earnings and revenue above Wall Street estimates, with sales rising 4.8% year over year to $41.8 billion and comparable sales also turning positive. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
• Positive Sentiment: The company said demand from professional contractors remained solid, and management pointed to digital gains and distribution expansion as offsets to weakness in large renovation projects. HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Positive Sentiment: Despite the softer housing backdrop, Home Depot reaffirmed its fiscal 2026 outlook, which reassured investors that management still expects stable performance rather than a sharp slowdown. HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Neutral Sentiment: Several analysts cut price targets after the report, but most kept bullish or neutral ratings, suggesting expectations were reset rather than turning outright negative. These Analysts Cut Their Forecasts On Home Depot After Q1 Results
• Negative Sentiment: Profit fell year over year as cost growth outpaced revenue, highlighting margin pressure and a still-challenged consumer spending environment. Home Depot Q1 profit falls as cost growth outpaces revenue
• Negative Sentiment: Wall Street also flagged risks to 2026 guidance from weak housing turnover, affordability pressure, and delayed big-home-improvement projects, which could limit upside from here. Home Depot Faces Risk of Missing 2026 Guidance on Cost, Demand Outlook Headwinds, RBC Says

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.