The Home Depot, Inc. $HD Shares Acquired by Texas Capital Bank Wealth Management Services Inc

Key Points

• Texas Capital Bank Wealth Management Services Inc increased its Home Depot stake by 15.4% in the fourth quarter, buying 3,329 additional shares and bringing its total to 25,003 shares worth about $8.6 million.
• Home Depot reported better-than-expected quarterly results, with EPS of $3.43 versus estimates of $3.41 and revenue of $41.77 billion versus expectations of $41.59 billion. Revenue rose 4.8% year over year, and the company reaffirmed FY2026 EPS guidance of 14.690 to 15.278.
• The company declared a quarterly dividend of $2.33 per share, payable June 18 to shareholders of record on June 4, implying an annualized dividend of $9.32 and a yield of 2.9%.

Texas Capital Bank Wealth Management Services Inc grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,003 shares of the home improvement retailer's stock after buying an additional 3,329 shares during the period. Texas Capital Bank Wealth Management Services Inc's holdings in Home Depot were worth $8,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Silphium Asset Management Ltd raised its position in 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 valued at $5,488,000 after purchasing an additional 5,900 shares during the period. Truist Financial Corp raised its position in Home Depot by 0.3% in the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer's stock valued at $443,729,000 after purchasing an additional 3,608 shares during the period. Atlantic Union Bankshares Corp raised its holdings in shares of Home Depot by 59.9% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer's stock valued at $43,533,000 after buying an additional 40,232 shares during the period. King Luther Capital Management Corp raised its holdings in shares of Home Depot by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock valued at $426,848,000 after buying an additional 7,180 shares during the period. Finally, Carnegie Investment Counsel raised its holdings in shares of Home Depot by 24.8% in the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer's stock valued at $37,268,000 after buying an additional 21,545 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: TD Cowen said Home Depot delivered solid execution in a challenging market, and although it trimmed its price target, it reiterated a Buy rating, which can help reinforce confidence in the stock. A Bright Spot in Home Depot’s Earnings
• Positive Sentiment: Home Depot’s latest results showed a modest earnings beat and continued strength in its Pro segment, while U.S. same-store sales posted a sixth straight quarter of growth, supporting the view that demand is stabilizing. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story
• Positive Sentiment: Home Depot’s acquisition of Mingledorff’s expands its reach in HVAC distribution and deepens its exposure to professional customers, which investors may see as a long-term growth driver. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story

Home Depot Stock Up 2.5%

Shares of NYSE HD opened at $318.27 on Thursday. The stock has a market cap of $317.00 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 3.58 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The business has a 50-day moving average price of $325.37 and a 200 day moving average price of $350.33.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analysts' expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $2.33 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot's dividend payout ratio is 66.19%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. Evercore cut their price objective on Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Bank of America started coverage on Home Depot in a research note on Tuesday, May 5th. They set a "buy" rating and a $374.00 target price for the company. Stifel Nicolaus lowered their target price on Home Depot from $375.00 to $320.00 and set a "hold" rating for the company in a research note on Monday, May 18th. Oppenheimer lowered their target price on Home Depot from $405.00 to $310.00 and set a "market perform" rating for the company in a research note on Monday, May 18th. Finally, DA Davidson lowered their target price on Home Depot from $445.00 to $377.00 and set a "buy" rating for the company in a research note on Tuesday, May 19th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $371.39.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company'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 transaction of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company's stock, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

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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