Bridges Investment Management Inc. Sells 4,220 Shares of The Home Depot, Inc. $HD

Key Points

• Bridges Investment Management cut its Home Depot stake by 3.8% in the fourth quarter, selling 4,220 shares and leaving it with 107,367 shares valued at about $36.9 million.
• Home Depot’s latest quarter beat expectations, posting EPS of $3.43 versus $3.41 expected and revenue of $41.77 billion, up 4.8% year over year.
• The company also declared a quarterly dividend of $2.33 per share, implying a 3.0% yield, while analysts still rate the stock a consensus Moderate Buy with an average price target of $371.39.

Bridges Investment Management Inc. lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,367 shares of the home improvement retailer's stock after selling 4,220 shares during the quarter. Bridges Investment Management Inc.'s holdings in Home Depot were worth $36,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Home Depot in the fourth quarter valued at approximately $4,850,329,000. Wellington Management Group LLP grew its stake in Home Depot by 60.8% in 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 in the last quarter. Vanguard Group Inc. grew its stake in Home Depot by 1.3% in 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 in the last quarter. Franklin Resources Inc. grew its stake in Home Depot by 37.6% in the third quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer's stock valued at $1,542,278,000 after purchasing an additional 1,040,577 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Home Depot by 215.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer's stock valued at $429,648,000 after purchasing an additional 852,719 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 0.2%

Shares of HD stock opened at $311.21 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The stock has a market cap of $310.32 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 3.59 and a beta of 0.97. The stock has a 50 day simple moving average of $324.35 and a 200 day simple moving average of $349.17. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analysts' expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, June 4th. Home Depot's payout ratio is 66.19%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group decreased their price target on Home Depot from $450.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday, May 20th. Robert W. Baird lowered their price target on Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Wells Fargo & Company lowered their price target on Home Depot from $375.00 to $360.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Zacks Research raised Home Depot from a "strong sell" rating to a "hold" rating in a research report on Monday, February 9th. Finally, Mizuho lowered their price target on Home Depot from $415.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $371.39.

More Home Depot News

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

• Positive Sentiment: Home Depot’s interconnected retail strategy is being credited with lifting sales and driving double-digit online growth, even in a challenged home improvement market. Is Home Depot's Interconnected Retail Strategy Paying Off?
• Positive Sentiment: A favorable Texas Supreme Court decision limiting shipper liability in the Home Depot/Werner case may reduce long-term legal risk and investor uncertainty. Texas court nixes shipper liability in Home Depot/Werner case
• Positive Sentiment: Home Depot’s latest quarter showed revenue of $41.77 billion, beating expectations, and the company reaffirmed fiscal 2026 guidance, which can reassure investors about earnings visibility.

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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