Brevan Howard Capital Management LP Has $11.09 Million Holdings in The Home Depot, Inc. $HD

Key Points

• Brevan Howard Capital Management trimmed its Home Depot stake by 13.5% in Q3, selling 4,264 shares and leaving it with 27,359 shares worth about $11.09 million.
• Home Depot posted an EPS beat ($2.72 vs. $2.52 expected), set FY2026 guidance of $14.23–$14.80, and carries a consensus analyst rating of "Moderate Buy" with an average price target of $416.
• The company raised its quarterly dividend to $2.33 (annualized $9.32, ~2.8% yield) and disclosed recent insider stock sales by the EVP and CFO, while institutional investors own roughly 70.9% of shares.

Brevan Howard Capital Management LP trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,359 shares of the home improvement retailer's stock after selling 4,264 shares during the quarter. Brevan Howard Capital Management LP's holdings in Home Depot were worth $11,086,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HD. Vanguard Group Inc. raised 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 worth $39,834,241,000 after buying an additional 331,217 shares during the period. State Street Corp lifted its holdings in Home Depot by 0.7% during the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer's stock valued at $16,871,246,000 after purchasing an additional 300,352 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Home Depot by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer's stock worth $5,341,724,000 after purchasing an additional 153,582 shares in the last quarter. Norges Bank purchased a new position in shares of Home Depot during the second quarter worth approximately $4,885,603,000. Finally, Capital Research Global Investors grew its stake 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 buying an additional 30,739 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HD shares. TD Cowen reaffirmed a "buy" rating on shares of Home Depot in a research report on Thursday. BNP Paribas Exane raised their price target on Home Depot from $355.00 to $391.00 in a research note on Wednesday, February 25th. Truist Financial set a $424.00 price target on Home Depot in a research report on Tuesday, February 24th. JPMorgan Chase & Co. cut their price target on Home Depot from $444.00 to $423.00 and set an "overweight" rating for the company in a research note on Wednesday, November 19th. Finally, Argus decreased their price target on shares of Home Depot from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Thursday, November 20th. 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $416.00.

Home Depot Stock Performance

Shares of HD opened at $338.84 on Monday. The stock has a 50-day moving average of $373.81 and a two-hundred day moving average of $376.37. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The stock has a market cap of $337.32 billion, a P/E ratio of 23.81, a P/E/G ratio of 12.20 and a beta of 1.09. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion during 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 company's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Home Depot's previous quarterly dividend of $2.30. Home Depot's payout ratio is presently 65.50%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: TD Cowen reiterated a Buy rating on HD, a vote of confidence from a major shop that can support investor sentiment and help stabilize the stock. TD Cowen Keeps Their Buy Rating on Home Depot (HD)
• Positive Sentiment: Home Depot is rolling out real‑time delivery tracking and other digital tools aimed at pros (material lists, quotes), which should boost repeat/pro sales and margins over time. This operational progress is being cited as a reason analysts still see upside. “Focus on Improving Customer Experience”: Home Depot Stock Notches Up as Live Tracking Gets Fleshed Out
• Positive Sentiment: New exclusive merchandising (Back to the Roots’ Organic Mushroom Compost at Home Depot) expands seasonal/garden assortments and supports in‑store traffic and SKU differentiation. Back to the Roots Expands Organic Soil Portfolio with Launch of Organic Mushroom Compost Exclusively at The Home Depot
• Neutral Sentiment: HD is a “trending” search on Zacks — useful for sentiment/flow but not a directional fundamental catalyst; Zacks also issued its Q1 earnings outlook, which investors will watch against results. The Home Depot, Inc. (HD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Some outlets note analysts are “conflicted” — a mix of Buy and Hold ratings and diverging price targets increases volatility but also means upside if housing or rates improve. Analysts Conflicted on These Consumer Cyclical Names: Cracker Barrel (CBRL) and Home Depot (HD)
• Negative Sentiment: Recent loss‑prevention/PR incidents (“pretty privilege” testing) and related headlines have pressured the stock and raised short‑term reputational and operational risk. “Pretty Privilege” Tests Send Home Depot Stock Slumping
• Negative Sentiment: Macroeconomic headwinds — US CPI rose 0.3% in Feb and high mortgage rates — are cited as weighing on renovation demand and consumer discretionary exposure, a clear negative for HD’s top line. US CPI Up 0.3% in February: Consumer Discretionary ETFs to Watch
• Negative Sentiment: Analyses flag softer home‑improvement demand and valuation pressure after recent headlines; these factors explain the recent share decline and raise the bar for near‑term catalysts. Assessing Home Depot (HD) Valuation After Loss Prevention Headlines And Softer Home Improvement Demand

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business's stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 2,550 shares of the business's stock in a transaction dated 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 $16,439,951.74. This trade represents a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company's stock.

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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