Danske Bank A S Acquires New Position in The Home Depot, Inc. $HD

Key Points

• Danske Bank established a new position in The Home Depot, buying 481,079 shares in Q3 valued at roughly $194.9 million, reflecting a meaningful institutional accumulation.
• Home Depot reported revenue down about 3.8% year‑over‑year with EPS beating estimates but below last year, and set FY2026 EPS guidance of 14.23–14.80 which trails some analyst forecasts (~15.13); the stock is trading below its 50‑ and 200‑day averages amid elevated leverage.
• The company raised its quarterly dividend to $2.33 (annualized $9.32, ~2.7% yield) and rolled out initiatives like a seasonal "Spring Starts" promotion and a real‑time Pro delivery tracker to boost seasonal demand and deepen contractor loyalty.

Danske Bank A S bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 481,079 shares of the home improvement retailer's stock, valued at approximately $194,928,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Emprise Bank increased its holdings in shares of Home Depot by 0.8% in the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer's stock valued at $1,270,000 after purchasing an additional 26 shares during the last quarter. Stegent Equity Advisors Inc. boosted its stake in Home Depot by 2.7% during the third quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer's stock worth $408,000 after buying an additional 26 shares during the last quarter. BWM Planning LLC boosted its stake in Home Depot by 0.7% during the second quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer's stock worth $1,505,000 after buying an additional 27 shares during the last quarter. Navis Wealth Advisors LLC grew its holdings in Home Depot by 1.8% in the 2nd quarter. Navis Wealth Advisors LLC now owns 1,532 shares of the home improvement retailer's stock valued at $562,000 after buying an additional 27 shares in the last quarter. Finally, Unique Wealth LLC grew its holdings in Home Depot by 1.2% in the 3rd quarter. Unique Wealth LLC now owns 2,280 shares of the home improvement retailer's stock valued at $924,000 after buying an additional 27 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

More Home Depot News

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

• Positive Sentiment: Spring seasonal push: Home Depot launched its "Spring Starts" promotion (Mar 19–Apr 1) to drive demand for outdoor, gardening, cleaning and entertaining categories — a timely revenue driver for the spring selling season that can boost comp traffic and high-margin seasonal categories. From Power Washers to Patios: The Home Depot's Spring Starts Event Kicks off Season of Savings
• Positive Sentiment: Pro-focused logistics upgrade: HD rolled out a real‑time delivery tracker for large/bulky materials to give contractors minute-by-minute ETAs — a capability that can reduce on-site downtime, deepen Pro customer loyalty, and strengthen omnichannel differentiation versus peers. Improved service for Pros can support repeat sales and margin stability. Home Depot Bets On Real Time Delivery Tracking To Deepen Pro Loyalty
• Positive Sentiment: Positive retail coverage: Recent investor pieces and retail roundups have highlighted Home Depot as a top retail/long-term buy, reinforcing conviction among growth/value investors who favor HD's scale, cash generation and dividend/repurchase profile. This can support longer-term demand for the shares. The Top 2 Retail Stocks to Buy Right Now
• Neutral Sentiment: Analyst discussion on tracker impact: Coverage is exploring whether the new real‑time Pro delivery tracker materially changes HD's cash flow or valuation — useful operational progress, but analysts note the financial impact may be gradual rather than immediate. Should Home Depot’s (HD) Real‑Time Pro Delivery Tracker Require Action From Investors?
• Negative Sentiment: Near-term growth and technical/financial headwinds: HD's most recent quarter showed revenue down ~3.8% year-over-year (EPS beat but was lower than last year), and FY2026 EPS guidance (14.23–14.80) sits below some analyst rolls (~15.13 consensus), which can temper upside expectations. In addition, the stock is trading below its 50- and 200-day moving averages and carries elevated leverage metrics (debt/equity), factors that may pressure sentiment and explain the share decline.

Analyst Ratings Changes

HD has been the topic of several recent research reports. KeyCorp reissued a "sector weight" rating on shares of Home Depot in a research report on Wednesday, February 25th. DZ Bank restated a "sell" rating on shares of Home Depot in a research report on Tuesday, November 18th. Sanford C. Bernstein lifted their target price on shares of Home Depot from $381.00 to $390.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 25th. Bank of America decreased their target price on shares of Home Depot from $450.00 to $430.00 and set a "buy" rating on the stock in a report on Wednesday, November 19th. Finally, Morgan Stanley increased their price target on shares of Home Depot from $412.00 to $420.00 and gave the company an "overweight" rating in a research note on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $416.00.

Home Depot Stock Performance

Shares of Home Depot stock opened at $341.63 on Wednesday. The firm has a market cap of $340.10 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 12.32 and a beta of 1.09. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The business's fifty day simple moving average is $373.62 and its 200-day simple moving average is $375.45.

Home Depot (NYSE:HD - Get Free Report) last posted 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. The company had revenue of $38.20 billion for 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%. Home Depot's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be issued a $2.33 dividend. The ex-dividend date is Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. This is an increase from Home Depot's previous quarterly dividend of $2.30. Home Depot's dividend payout ratio (DPR) is currently 65.50%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business's stock in a transaction 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 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 position. The transaction 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 stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The SEC filing for this sale provides additional information. Company 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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