Arbejdsmarkedets Tillaegspension Takes Position in The Home Depot, Inc. $HD

Key Points

• Arbejdsmarkedets Tillaegspension disclosed a new fourth-quarter stake in Home Depot, buying 67,365 shares valued at about $23.18 million.
• Home Depot remains heavily owned by institutions, with several major funds including Vanguard and Wellington adding to positions; overall, 70.86% of shares are held by institutional investors and hedge funds.
• The stock is under mixed pressure ahead of May 19 earnings: analysts are split, one firm cut its price target to $365, and the shares have recently traded near their 12-month low amid housing-market and legal concerns.

Arbejdsmarkedets Tillaegspension acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 67,365 shares of the home improvement retailer's stock, valued at approximately $23,180,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer's stock valued at $34,284,672,000 after purchasing an additional 1,325,748 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 period. 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 period. Fisher Asset Management LLC raised its holdings in shares of 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. Finally, Legal & General Group Plc raised its holdings in shares of Home Depot by 1.9% during the third quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer's stock valued at $2,504,546,000 after purchasing an additional 116,875 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Telsey Advisory reiterated a Buy rating on Home Depot, suggesting at least one Wall Street firm still sees value in the shares despite recent volatility.
• Positive Sentiment: Some commentary has highlighted Home Depot as a potential beneficiary if housing turnover and mortgage-rate conditions improve, which could support future sales and earnings.
• Neutral Sentiment: Investors are watching Home Depot closely ahead of earnings on May 19, with articles focusing on whether pro demand, digital tools, and repair projects can offset a weaker housing backdrop.
• Neutral Sentiment: Jim Cramer said Home Depot can perform well in a lower-rate environment, but also noted the stock needs stronger housing turnover to really accelerate.
• Negative Sentiment: Sanford C. Bernstein cut its price target on Home Depot to $365 from $390 and kept a Market Perform rating, reflecting a more cautious view on near-term upside.
• Negative Sentiment: A new class-action lawsuit reportedly pressured the stock, adding legal uncertainty at an already sensitive time for investors.
• Negative Sentiment: Recent pre-earnings pullback and broader worries about housing turnover have also weighed on sentiment, helping explain why Home Depot stock has been moving lower.

Home Depot Trading Down 2.3%

Shares of HD stock opened at $297.34 on Friday. The company has a 50 day moving average of $331.77 and a 200-day moving average of $354.39. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 12-month low of $296.88 and a 12-month high of $426.75. The firm has a market cap of $296.16 billion, a P/E ratio of 20.90, a PEG ratio of 3.51 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) 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 company had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. During the same quarter last year, the business posted $3.13 EPS. Home Depot's quarterly 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. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.03 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. Investors of record on Thursday, March 12th were issued a $2.33 dividend. This is a boost from Home Depot's previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 3.1%. Home Depot's payout ratio is 65.50%.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of the firm's stock in a transaction that occurred 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 directly owned 44,566 shares of the company's stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Home Depot from $412.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday, April 28th. DA Davidson boosted their price target on shares of Home Depot from $407.00 to $445.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Sanford C. Bernstein dropped their price objective on shares of Home Depot from $390.00 to $365.00 and set a "market perform" rating on the stock in a research note on Thursday. Wall Street Zen lowered shares of Home Depot from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Finally, Evercore lowered their target price on shares of Home Depot from $425.00 to $415.00 and set an "outperform" rating on the stock in a report on Tuesday, March 31st. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $405.66.

About Home Depot

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.

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