Arizona State Retirement System Sells 7,509 Shares of The Home Depot, Inc. $HD

Key Points

• Arizona State Retirement System trimmed its stake in The Home Depot by 2.6% in Q4, selling 7,509 shares and ending the period with 283,002 shares worth about $97.4 million (0.5% of the fund; its 24th-largest holding).
• CFO Richard V. McPhail sold 2,550 shares on March 4 at an average price of $368.89 (≈$940,670), reducing his personal ownership by 5.41% to 44,566 shares.
• Home Depot beat quarterly estimates (EPS $2.72 vs. $2.52 est.; revenue $38.2B vs. $38.01B), set FY2026 EPS guidance of $14.230–$14.799, and raised its quarterly dividend to $2.33 (annualized $9.32, yield ~2.7%).

Arizona State Retirement System cut its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283,002 shares of the home improvement retailer's stock after selling 7,509 shares during the period. Home Depot accounts for 0.5% of Arizona State Retirement System's portfolio, making the stock its 24th largest holding. Arizona State Retirement System's holdings in Home Depot were worth $97,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Silphium Asset Management Ltd raised its stake in Home Depot by 77.2% during the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer's stock worth $5,488,000 after acquiring an additional 5,900 shares in the last quarter. Truist Financial Corp boosted its position in Home Depot by 0.3% in the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer's stock valued at $443,729,000 after buying an additional 3,608 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Home Depot by 2.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer's stock worth $216,600,000 after acquiring an additional 12,239 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in Home Depot by 59.9% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer's stock valued at $43,533,000 after buying an additional 40,232 shares during the last quarter. Finally, Savvy Advisors Inc. boosted its position in Home Depot by 36.0% during the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer's stock worth $6,703,000 after buying an additional 5,152 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

Home Depot News Roundup

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

• Positive Sentiment: Wolfe Research reiterated an Outperform rating and a $414 price target following comments from HD’s CFO, bolstering analyst confidence and providing a tangible upside anchor for the stock. Wolfe Research Bullish on The Home Depot
• Positive Sentiment: Home Depot rolled out AI-powered phone agents built on Google Cloud’s Gemini, claiming 4x faster customer support—an execution win that should improve customer experience and could lower service costs over time. Home Depot Delivers Customer Support Four Times Faster
• Positive Sentiment: Coverage highlights HD’s investment in tech and infrastructure to reduce customer friction (delivery/membership dynamics), supporting long-term competitiveness versus e-commerce peers. Home Depot adds tech and infrastructure to fix customer friction
• Neutral Sentiment: Comparisons with Williams‑Sonoma frame differing growth paths (HD’s scale and Pro channel vs WSM’s premium, digital-first model); useful strategic context but not an immediate stock mover. Home Depot vs Williams-Sonoma
• Neutral Sentiment: Valuation/positioning pieces debate whether HD’s current price reflects fair value given recent consumer-spending worries; helpful for longer-term investors assessing entry points. Is It Too Late To Consider Home Depot (HD)?
• Negative Sentiment: Analysts expect HD’s upcoming fiscal Q1 to show a single‑digit profit decline, which creates short-term earnings risk and can pressure the stock around the report. Home Depot's Quarterly Earnings Preview
• Negative Sentiment: SEC filings show executives sold nearly $30M of HD stock over the past year; while insider selling can be routine, it may raise questions for some investors about near-term confidence. Insiders Are Selling Home Depot Stock
• Negative Sentiment: Coverage noting a recent slip as HD refines its Pro-builder strategy signals execution risk in a key growth segment—this can weigh on near-term sentiment. “Win the Pro”: Home Depot Stock Slips
• Negative Sentiment: Recent coverage flagged a sharper short-term decline versus the broader market on April 21, reflecting volatility that could continue if macro or discretionary-spending data disappoint. Home Depot (HD) Falls More Steeply Than Broader Market

Home Depot Trading Up 0.2%

HD opened at $340.15 on Friday. The Home Depot, Inc. has a 1-year low of $315.31 and a 1-year high of $426.75. 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 company has a market cap of $338.80 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 3.71 and a beta of 1.09. The company has a fifty day moving average price of $348.82 and a two-hundred day moving average price of $361.19.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion for the quarter, compared to analysts' expectations of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business's revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts predict that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $2.33 dividend. The ex-dividend date was Thursday, March 12th. This is an increase from Home Depot's previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot's dividend payout ratio is currently 65.50%.

Analysts Set New Price Targets

HD has been the subject of several recent research reports. Truist Financial set a $424.00 price target on shares of Home Depot in a research report on Tuesday, February 24th. Royal Bank Of Canada lifted their price target on shares of Home Depot from $363.00 to $377.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 25th. Wells Fargo & Company increased their price objective on Home Depot from $395.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Wall Street Zen raised Home Depot from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Finally, Wolfe Research lifted their target price on Home Depot from $413.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $414.17.

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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