The Home Depot, Inc. $HD Holdings Cut by State of Alaska Department of Revenue

Key Points

• State of Alaska trimmed its stake in The Home Depot by 6.9% in Q4, selling 7,305 shares to hold 99,278 shares valued at $34.16M, while other large institutions (notably Wellington, which added ~3.84M shares) increased positions; institutional ownership is 70.86%.
• Home Depot beat quarterly estimates with EPS of $2.72 vs. $2.52 consensus and revenue of $38.20B (slightly above estimates) despite a 3.8% YoY revenue decline, and management set FY2026 guidance of $14.230–$14.799 per share (analysts expect ~15.13).
• Dividend was increased to $2.33 per quarter ($9.32 annualized), representing a 2.7% yield and a 65.5% payout ratio.

State of Alaska Department of Revenue decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,278 shares of the home improvement retailer's stock after selling 7,305 shares during the quarter. State of Alaska Department of Revenue's holdings in Home Depot were worth $34,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Home Depot by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer's stock worth $39,834,241,000 after buying an additional 331,217 shares in the last quarter. Capital Research Global Investors lifted its position in Home Depot by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer's stock worth $4,619,229,000 after buying an additional 30,739 shares in the last quarter. Wellington Management Group LLP lifted its position in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock worth $4,109,878,000 after buying an additional 3,836,051 shares in the last quarter. Fisher Asset Management LLC lifted its position in Home Depot by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer's stock worth $4,104,694,000 after buying an additional 197,211 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Home Depot by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer's stock worth $2,504,546,000 after buying an additional 116,875 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 1.1%

Home Depot stock opened at $340.91 on Tuesday. The company has a market capitalization of $339.55 billion, a P/E ratio of 23.96, a P/E/G ratio of 3.69 and a beta of 1.09. The firm's fifty day simple moving average is $355.68 and its 200-day simple moving average is $363.93. 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 Home Depot, Inc. has a 1-year low of $315.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates 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%. Home Depot's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 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 issued a dividend of $2.33 per share. The ex-dividend date was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Home Depot's previous quarterly dividend of $2.30. Home Depot's payout ratio is 65.50%.

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 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 transaction, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. Gordon Haskett increased their target price on shares of Home Depot from $330.00 to $370.00 and gave the stock a "hold" rating in a research report on Wednesday, February 11th. Jefferies Financial Group increased their target price on shares of Home Depot from $424.00 to $454.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. UBS Group reiterated an "outperform" rating on shares of Home Depot in a research report on Tuesday, March 24th. TD Cowen reiterated a "buy" rating on shares of Home Depot in a research report on Thursday, March 12th. Finally, Wells Fargo & Company raised their price target 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. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $414.17.

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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