Campbell Newman Asset Management Inc. Sells 3,332 Shares of The Home Depot, Inc. $HD

Key Points

• Campbell Newman Asset Management cut its Home Depot stake by 39.7% in the first quarter, selling 3,332 shares and leaving it with 5,052 shares valued at about $1.66 million.
• Home Depot reported solid quarterly results, with EPS of $3.43 and revenue of $41.77 billion, both slightly ahead of analyst expectations. Revenue rose 4.8% year over year, and the company reaffirmed FY 2026 EPS guidance of 14.690 to 15.278.
• Analysts remain broadly positive on HD despite some target cuts, with a consensus rating of “Moderate Buy” and an average price target of $371.71. The stock also recently paid a quarterly dividend of $2.33 per share, or $9.32 annualized, yielding about 2.9%.

Campbell Newman Asset Management Inc. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 39.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,052 shares of the home improvement retailer's stock after selling 3,332 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Home Depot were worth $1,662,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Curio Wealth LLC grew its stake in Home Depot by 13.5% in the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock worth $76,000 after buying an additional 26 shares in the last quarter. Westfuller Advisors LLC increased its holdings in shares of Home Depot by 2.1% in the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer's stock worth $456,000 after buying an additional 27 shares during the last quarter. Darwin Wealth Management LLC raised its position in shares of Home Depot by 0.5% during the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer's stock valued at $1,703,000 after buying an additional 27 shares in the last quarter. Alesco Advisors LLC lifted its holdings in shares of Home Depot by 3.2% during the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer's stock worth $298,000 after acquiring an additional 27 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida lifted its holdings in shares of Home Depot by 1.3% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer's stock worth $749,000 after acquiring an additional 27 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 2.2%

Shares of NYSE:HD opened at $326.93 on Tuesday. The stock has a market capitalization of $325.98 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97. The stock's 50-day moving average price is $322.99 and its 200-day moving average price is $346.12. 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 Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts' consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot's payout ratio is 66.19%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Piper Sandler cut their target price on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a research report on Wednesday, May 20th. JPMorgan Chase & Co. lowered their price target on Home Depot from $423.00 to $396.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. UBS Group cut their price objective on Home Depot from $450.00 to $430.00 and set a "buy" rating for the company in a report on Wednesday, May 20th. Stifel Nicolaus reduced their price objective on Home Depot from $375.00 to $320.00 and set a "hold" rating on the stock in a research report on Monday, May 18th. Finally, Daiwa Securities Group increased their price objective on Home Depot from $360.00 to $390.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. Nineteen equities research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $371.71.

More Home Depot News

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

• Positive Sentiment: Several articles highlight Home Depot’s margin resilience, strong Pro business, and strategic expansion, suggesting the company may be able to offset a weak housing backdrop better than expected. Can Margin Strength Offset Demand Challenges at Home Depot?
• Positive Sentiment: Analysts and market commentators continue to frame HD as a resilient dividend and quality stock, with some pointing to improved investment appeal thanks to dividend consistency and stable profitability. How Dividend Consistency and Margin Resilience At Home Depot (HD) Have Changed Its Investment Story
• Positive Sentiment: Some recent commentary argues Home Depot could benefit from a residential recovery, especially if lower home prices eventually spur more renovation activity. Here is why The Home Depot, Inc. (HD) is among the Best Building Materials Stocks to Buy for the Residential Recovery
• Neutral Sentiment: Home Depot’s latest reported quarter beat expectations modestly, with revenue and EPS both slightly ahead of estimates, but growth remains modest versus last year.
• Neutral Sentiment: Several market pieces note that HD still looks resilient despite a muted home-improvement backdrop, but these articles mainly reinforce the current valuation and chart setup rather than introducing a new catalyst. Home Depot: A New Corporate Focus, But Familiar Valuation And Chart Stories
• Negative Sentiment: The main bearish theme is still soft demand: one article says Home Depot “still needs to do more,” implying the market wants clearer improvement in customer spending before re-rating the stock. Home Depot: Demand Still Needs To Do More
• Negative Sentiment: Higher interest rates remain a headwind for home-improvement retailers, and one report noted HD and Lowe’s fell after the Fed held rates steady, underscoring investor concern that housing-related spending may stay sluggish. Why Home Depot and Lowe's fell after the Fed held interest rates steady

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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