Morse Asset Management Inc Reduces Position in The Home Depot, Inc. $HD

Key Points

• Morse Asset Management cut its stake in The Home Depot by 44.5% in Q4, selling 8,461 shares and finishing the period with 10,536 shares valued at about $3.625 million.
• Home Depot beat Q results (EPS $2.72 vs. $2.52 est.) and issued FY‑2026 guidance (14.230–14.799 EPS), while analysts maintain a consensus “Moderate Buy” with an average price target near $414.
• Shares have traded lower (down roughly 3.5%), pressured by macro and partner risks, though the company raised its quarterly dividend to $2.33 (annualized $9.32; ≈3.0% yield).

Morse Asset Management Inc lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 44.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,536 shares of the home improvement retailer's stock after selling 8,461 shares during the period. Morse Asset Management Inc's holdings in Home Depot were worth $3,625,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Parvin Asset Management LLC boosted its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after buying an additional 33 shares during the period. Key Capital Management INC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $28,000. Financially Speaking Inc purchased a new stake in shares of Home Depot in the third quarter valued at approximately $31,000. Imprint Wealth LLC purchased a new stake in shares of Home Depot in the third quarter valued at approximately $34,000. Finally, Disciplined Equity Management Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Key Home Depot News

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

• Positive Sentiment: Recent analyst coverage and price targets remain constructive (median target ~$422), signaling continued Street confidence that Home Depot’s long‑term earnings power remains intact. Quiver Quantitative — HD coverage & targets
• Positive Sentiment: Home Depot recently topped EPS estimates (reported $2.72 vs. ~$2.52 consensus) and provided FY‑2026 guidance, which supports headline valuation and the buy‑and‑hold thesis for many investors. Zacks — Investor attention on HD
• Neutral Sentiment: Brokerage consensus remains around a “moderate buy,” indicating mixed near‑term conviction despite longer‑term support from analysts. American Banking News — Broker ratings
• Neutral Sentiment: Investors are positioning ahead of upcoming catalysts (next scheduled quarter/updates later in May), which can amplify intraday moves as portfolios are rebalanced. Yahoo Finance — Market reaction and context
• Negative Sentiment: Macro shock: renewed Middle East tensions lifted oil and pushed a risk‑off tone, hitting cyclical consumer names like Home Depot that are sensitive to discretionary spending. Quiver — Middle East energy shock analysis
• Negative Sentiment: Demand and margin pressure: housing affordability and high rates are crimping big‑ticket home improvement spend; analysts and market pieces flag a still‑soft renovation backdrop. Barron's — Consumer/sector weakness
• Negative Sentiment: Operational/reputational risk from partner fallout: the abrupt U.S. Chapter 7 of Wren Kitchens left customers with stalled installs and refunds, spotlighting third‑party partner exposure. Yahoo Finance — Wren Kitchens bankruptcy impact
• Negative Sentiment: Insider and institutional flows show recent selling and portfolio reductions by some large holders, which can exacerbate price moves in a risk‑off session. Quiver — Insider & institutional activity
• Negative Sentiment: Policy/labor risk: commentary about potential minimum wage and labor‑cost pressures has investors debating margin sensitivity for large retailers. TipRanks — Minimum wage/labor risk

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HD shares. Gordon Haskett boosted their price target on Home Depot from $330.00 to $370.00 and gave the company a "hold" rating in a report on Wednesday, February 11th. BNP Paribas Exane lowered their price target on Home Depot from $391.00 to $348.00 and set a "neutral" rating for the company in a report on Tuesday, March 24th. Wells Fargo & Company boosted their price target on Home Depot from $395.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Wolfe Research boosted their price target on Home Depot from $413.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 25th. Finally, Sanford C. Bernstein boosted their price target on Home Depot from $381.00 to $390.00 and gave the company a "market perform" rating in a report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $414.17.

Home Depot Stock Down 3.5%

Home Depot stock opened at $312.55 on Tuesday. The business has a fifty day moving average of $343.27 and a two-hundred day moving average of $359.02. 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 firm has a market cap of $311.31 billion, a P/E ratio of 21.96, a P/E/G ratio of 3.54 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $312.26 and a twelve month high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.Home Depot's revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, March 12th. This is a boost from Home Depot's previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. Home Depot's payout ratio is currently 65.50%.

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

Home Depot 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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