Castellan Group Takes Position in The Home Depot, Inc. $HD

Key Points

• Castellan Group opened a new position in The Home Depot, acquiring 5,232 shares (~$1.8M) in Q4, joining other institutions that have been adding to HD; institutional investors now own roughly 70.86% of the stock.
• Home Depot posted an EPS beat ($2.72 vs. $2.52 expected) and $38.2B in revenue, set FY2026 EPS guidance of 14.230–14.799, and raised its quarterly dividend to $2.33 (annualized $9.32, ~2.8% yield).
• Wall Street sentiment is broadly positive with a consensus "Moderate Buy" and several raised price targets (average target ~$414), though high-profile negative commentary and valuation debates keep near-term downside concerns alive.

Castellan Group acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,232 shares of the home improvement retailer's stock, valued at approximately $1,800,000.

Several other hedge funds have also recently made changes to their positions in HD. Wellington Management Group LLP raised its holdings in shares of Home Depot by 60.8% during 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 during the last quarter. Franklin Resources Inc. raised its holdings in shares of Home Depot by 37.6% during 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 during the last quarter. Voya Investment Management LLC raised its holdings in shares of Home Depot by 112.3% during the third quarter. Voya Investment Management LLC now owns 1,444,128 shares of the home improvement retailer's stock valued at $585,147,000 after purchasing an additional 763,739 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Home Depot during the third quarter valued at approximately $284,893,000. Finally, ABN AMRO Bank N.V. raised its holdings in shares of Home Depot by 2,427.3% during the third quarter. ABN AMRO Bank N.V. now owns 631,551 shares of the home improvement retailer's stock valued at $254,943,000 after purchasing an additional 606,562 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

More Home Depot News

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

• Positive Sentiment: Erste Group raised its FY2028 EPS estimate for Home Depot, which supports upward earnings revisions and could be a catalyst for the stock if other brokers follow suit. Home Depot FY2028 EPS Estimate Increased by Erste Group Bank
• Positive Sentiment: Brokerage coverage remains favorable overall — Home Depot recently received a consensus “Moderate Buy” from analysts, which can support demand from institutional investors. The Home Depot Receives Consensus Recommendation of "Moderate Buy"
• Positive Sentiment: Recent pieces highlighting Wall Street analyst optimism argue that buy-side sentiment and average brokerage recommendations remain constructive for HD, providing a counterweight to headline risk. Is Home Depot (HD) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Home Depot presented at the J.P. Morgan Retail Round Up — investor presentations can clarify strategy and guide expectations but typically have a gradual impact. HD Presents at J.P. Morgan Retail Round Up Forum 2026 Transcript
• Neutral Sentiment: Several outlets are debating whether the shares still offer value after recent strength; this keeps valuation front-and-center for investors deciding to add or trim exposure. Is It Too Late To Consider Home Depot (HD)?
• Negative Sentiment: CNBC host Jim Cramer called Home Depot one of his “two worst stocks,” a high-visibility negative comment that can sway retail sentiment and increase short-term selling pressure. Jim Cramer Says Home Depot Is One of His Two Worst Stocks
• Negative Sentiment: Coverage questioning why HD shares have fallen and whether the pullback is a buying opportunity highlights near-term downside concerns around same-store sales trends and consumer remodeling demand. Why Is Home Depot Stock Falling, and is it a Buying Opportunity?

Home Depot Stock Down 0.1%

Shares of HD stock opened at $337.13 on Monday. The Home Depot, Inc. has a 12 month low of $315.31 and a 12 month high of $426.75. The stock has a market cap of $335.79 billion, a P/E ratio of 23.69, a P/E/G ratio of 3.69 and a beta of 1.09. 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 50 day simple moving average of $356.43 and a two-hundred day simple moving average of $364.40.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating 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 business had revenue of $38.20 billion during the quarter, compared to analysts' expectations of $38.01 billion. During the same period in the prior year, the company earned $3.13 earnings per share. The firm'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, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share 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 issued a dividend of $2.33 per share. This is an increase from Home Depot's previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot's dividend payout ratio is currently 65.50%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HD. Guggenheim boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $395.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Morgan Stanley boosted their price objective on shares of Home Depot from $412.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Citigroup boosted their price objective on shares of Home Depot from $407.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Home Depot from $424.00 to $454.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average price target of $414.17.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company'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 sale, the chief financial officer directly owned 44,566 shares of the company's stock, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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