Legacy Edge Advisors LLC Purchases New Stake in The Home Depot, Inc. $HD

Key Points

• Legacy Edge Advisors initiated a new stake in The Home Depot in Q4, buying 3,147 shares worth about $1.083 million, and several other institutions also increased holdings as institutional ownership stands at 70.86%.
• Home Depot beat quarterly estimates with $2.72 EPS vs. $2.52 expected and $38.2B revenue (down 3.8% YoY), set FY2026 guidance of 14.230–14.799 EPS, and carries a MarketBeat consensus of a “Moderate Buy” with an average price target near $414.17.
• The company raised its quarterly dividend to $2.33 (annualized $9.32), yielding about 2.9% with a dividend payout ratio of 65.5%.

Legacy Edge Advisors LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,147 shares of the home improvement retailer's stock, valued at approximately $1,083,000.

Several other institutional investors have also bought and sold shares of the company. Silphium Asset Management Ltd boosted its stake in shares of Home Depot by 77.2% in the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer's stock worth $5,488,000 after buying an additional 5,900 shares during the last quarter. Truist Financial Corp boosted its holdings in Home Depot by 0.3% during the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer's stock worth $443,729,000 after buying an additional 3,608 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Home Depot by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer's stock worth $216,600,000 after buying an additional 12,239 shares in the last quarter. Atlantic Union Bankshares Corp boosted its holdings in Home Depot by 59.9% during the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer's stock worth $43,533,000 after buying an additional 40,232 shares in the last quarter. Finally, Savvy Advisors Inc. boosted its holdings in Home Depot by 36.0% during the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer's stock worth $6,703,000 after buying an additional 5,152 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD opened at $324.22 on Friday. 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 company has a market cap of $322.93 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 3.54 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $315.31 and a 52-week high of $426.75. The firm's fifty day simple moving average is $343.27 and its two-hundred day simple moving average is $359.22.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company's revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. This is a boost from Home Depot's previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. Home Depot's dividend payout ratio (DPR) is 65.50%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Home Depot from $407.00 to $445.00 and gave the stock a "buy" rating in a report on Tuesday, February 24th. Wall Street Zen raised shares of Home Depot from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Piper Sandler lowered their price target on shares of Home Depot from $441.00 to $422.00 and set an "overweight" rating on the stock in a report on Monday, February 23rd. Citigroup increased their price target on Home Depot from $407.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. Finally, Jefferies Financial Group increased their price target on Home Depot from $424.00 to $454.00 and gave the stock a "buy" rating in a research 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 company. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $414.17.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is currently owned by company insiders.

Home Depot Company Profile

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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