Benjamin Edwards Inc. Cuts Position in The Home Depot, Inc. $HD

Key Points

• Benjamin Edwards Inc. cut its stake by 21.6%, selling 54,723 shares to hold 198,450 shares of Home Depot worth about $68.33 million, making HD its 23rd largest position (≈0.8% of the firm's portfolio).
• Home Depot beat quarterly EPS estimates ($2.72 vs. $2.52), set FY2026 EPS guidance of 14.23–14.80, and raised its quarterly dividend to $2.33 (annualized $9.32; yield ~2.9%).
• Analysts remain generally positive with a consensus target of $414.17 and a MarketBeat rating of “Moderate Buy” (20 Buy, 12 Hold, 1 Sell).

Benjamin Edwards Inc. cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 21.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,450 shares of the home improvement retailer's stock after selling 54,723 shares during the period. Home Depot comprises approximately 0.8% of Benjamin Edwards Inc.'s portfolio, making the stock its 23rd largest position. Benjamin Edwards Inc.'s holdings in Home Depot were worth $68,325,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after buying an additional 33 shares during the period. Financially Speaking Inc purchased a new stake in Home Depot during the third quarter valued at about $31,000. Key Capital Management INC purchased a new stake in Home Depot during the fourth quarter valued at about $28,000. Imprint Wealth LLC purchased a new stake in Home Depot during the third quarter valued at about $34,000. Finally, AXS Investments LLC purchased a new stake in Home Depot during the third quarter valued at about $38,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on HD. BNP Paribas Exane cut their price target on shares of Home Depot from $391.00 to $348.00 and set a "neutral" rating for the company in a research report on Tuesday, March 24th. Daiwa Securities Group increased their target price on shares of Home Depot from $360.00 to $390.00 and gave the stock a "neutral" rating in a report on Thursday, February 26th. Wall Street Zen upgraded shares of Home Depot from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Guggenheim increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Finally, Zacks Research upgraded shares of Home Depot from a "strong sell" rating to a "hold" rating in a report on Monday, February 9th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $414.17.

Home Depot Price Performance

HD stock opened at $324.22 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 market cap of $322.93 billion, a P/E ratio of 22.78, a PEG ratio of 3.59 and a beta of 1.09. The firm has a 50-day moving average of $343.27 and a 200 day moving average of $359.36. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results 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. 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 the consensus estimate of $38.01 billion. During the same period in the prior year, the firm earned $3.13 earnings per share. Home Depot's revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $2.33 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot's payout ratio is 65.50%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.