Pinnbrook Capital Management LP Acquires New Shares in The Home Depot, Inc. $HD

Key Points

• Pinnbrook Capital Management LP bought a new stake of 19,869 shares in The Home Depot during Q3, valued at about $8.05 million, making HD roughly 0.9% of Pinnbrook’s portfolio and its 26th-largest holding.
• Q4 results: Home Depot reported EPS of $2.72 (beat by $0.20) on $38.20 billion in revenue (down 3.8% YoY) and issued FY2026 EPS guidance of 14.230–14.799 versus a sell-side consensus near 15.13.
• Dividend raised to $2.33 per quarter (annualized $9.32), up from $2.30, implying a ~2.8% yield; the ex-dividend date is March 12 and the payment date is March 26.

Pinnbrook Capital Management LP bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,869 shares of the home improvement retailer's stock, valued at approximately $8,051,000. Home Depot makes up approximately 0.9% of Pinnbrook Capital Management LP's investment portfolio, making the stock its 26th biggest holding.

Several other hedge funds also recently bought and sold shares of the company. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $29,000. Financially Speaking Inc acquired a new position in Home Depot in the third quarter worth approximately $31,000. Dougherty Wealth Advisers LLC bought a new position in Home Depot during the third quarter valued at approximately $38,000. Marquette Asset Management LLC bought a new position in Home Depot during the third quarter valued at approximately $38,000. Finally, AXS Investments LLC acquired a new stake in Home Depot in the third quarter valued at approximately $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the business'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 completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. The trade was 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. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares in the company, valued at $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company's stock.

Home Depot Stock Performance

NYSE:HD opened at $338.84 on Friday. The firm has a market capitalization of $337.32 billion, a PE ratio of 23.81, a PEG ratio of 12.18 and a beta of 1.09. The firm's fifty day simple moving average is $373.81 and its 200 day simple moving average is $376.81. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $38.01 billion. During the same quarter in the previous year, the firm posted $3.13 earnings per share. Home Depot's revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $2.33 per share. This is an increase from Home Depot's previous quarterly dividend of $2.30. The ex-dividend date is Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot's dividend payout ratio is 65.50%.

Analyst Upgrades and Downgrades

Several analysts have commented on HD shares. Robert W. Baird boosted their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 17th. Jefferies Financial Group raised their price target 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. Daiwa Securities Group upped their price objective on shares of Home Depot from $360.00 to $390.00 and gave the stock a "neutral" rating in a report on Thursday, February 26th. JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $444.00 to $423.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 19th. Finally, Gordon Haskett raised their target price on Home Depot from $330.00 to $370.00 and gave the company a "hold" rating in a report on Wednesday, February 11th. Twenty 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $416.00.

Trending Headlines about Home Depot

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

• Positive Sentiment: TD Cowen reiterated a Buy rating on HD, a vote of confidence from a major shop that can support investor sentiment and help stabilize the stock. TD Cowen Keeps Their Buy Rating on Home Depot (HD)
• Positive Sentiment: Home Depot is rolling out real‑time delivery tracking and other digital tools aimed at pros (material lists, quotes), which should boost repeat/pro sales and margins over time. This operational progress is being cited as a reason analysts still see upside. “Focus on Improving Customer Experience”: Home Depot Stock Notches Up as Live Tracking Gets Fleshed Out
• Positive Sentiment: New exclusive merchandising (Back to the Roots’ Organic Mushroom Compost at Home Depot) expands seasonal/garden assortments and supports in‑store traffic and SKU differentiation. Back to the Roots Expands Organic Soil Portfolio with Launch of Organic Mushroom Compost Exclusively at The Home Depot
• Neutral Sentiment: HD is a “trending” search on Zacks — useful for sentiment/flow but not a directional fundamental catalyst; Zacks also issued its Q1 earnings outlook, which investors will watch against results. The Home Depot, Inc. (HD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Some outlets note analysts are “conflicted” — a mix of Buy and Hold ratings and diverging price targets increases volatility but also means upside if housing or rates improve. Analysts Conflicted on These Consumer Cyclical Names: Cracker Barrel (CBRL) and Home Depot (HD)
• Negative Sentiment: Recent loss‑prevention/PR incidents (“pretty privilege” testing) and related headlines have pressured the stock and raised short‑term reputational and operational risk. “Pretty Privilege” Tests Send Home Depot Stock Slumping
• Negative Sentiment: Macroeconomic headwinds — US CPI rose 0.3% in Feb and high mortgage rates — are cited as weighing on renovation demand and consumer discretionary exposure, a clear negative for HD’s top line. US CPI Up 0.3% in February: Consumer Discretionary ETFs to Watch
• Negative Sentiment: Analyses flag softer home‑improvement demand and valuation pressure after recent headlines; these factors explain the recent share decline and raise the bar for near‑term catalysts. Assessing Home Depot (HD) Valuation After Loss Prevention Headlines And Softer Home Improvement Demand

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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