The Home Depot, Inc. $HD Stock Holdings Lowered by ABN AMRO Bank N.V.

Key Points

• ABN AMRO Bank N.V. cut its Home Depot stake by 3.0% in the fourth quarter, selling 19,006 shares and leaving it with 612,545 shares valued at about $210.35 million.
• Home Depot’s latest earnings beat expectations, with quarterly EPS of $2.72 on revenue of $38.20 billion, though revenue was still down 3.8% from a year earlier.
• The company raised its quarterly dividend to $2.33 per share from $2.30, implying an annualized dividend of $9.32 and a yield of 2.9%.

ABN AMRO Bank N.V. reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,545 shares of the home improvement retailer's stock after selling 19,006 shares during the quarter. Home Depot accounts for 2.0% of ABN AMRO Bank N.V.'s holdings, making the stock its 17th biggest position. ABN AMRO Bank N.V. owned about 0.06% of Home Depot worth $210,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Parvin Asset Management LLC raised its holdings 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 acquiring an additional 33 shares during the period. Key Capital Management INC acquired a new stake in shares of Home Depot during the fourth quarter valued at approximately $28,000. Financially Speaking Inc acquired a new stake in shares of Home Depot during the third quarter valued at approximately $31,000. Disciplined Equity Management Inc. acquired a new stake in shares of Home Depot during the fourth quarter valued at approximately $34,000. Finally, Family CFO Inc acquired a new stake in shares of Home Depot during the fourth quarter valued at approximately $34,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

NYSE HD opened at $317.43 on Monday. 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 company has a fifty day simple moving average of $339.65 and a 200 day simple moving average of $357.57. The company has a market cap of $316.17 billion, a P/E ratio of 22.31, a P/E/G ratio of 3.66 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $310.40 and a 1 year high of $426.75.

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, topping the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion during 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 quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $2.33 dividend. This is a boost from Home Depot's previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot's payout ratio is currently 65.50%.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by company insiders.

Home Depot News Summary

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

• Positive Sentiment: Erste Group Bank slightly raised its FY2028 EPS estimate for Home Depot to $16.30 from $16.26, suggesting longer-term earnings expectations are still edging higher. Home Depot analyst estimate update
• Neutral Sentiment: Home Depot was mentioned in an analyst-trending roundup, but the item does not provide a meaningful new catalyst by itself. Home Depot trending with analysts
• Neutral Sentiment: A story about a burrito business operating in a Home Depot parking lot is colorful but not directly material to Home Depot’s fundamentals or earnings outlook. Burrito spot in Home Depot parking lot
• Negative Sentiment: Gordon Haskett cut its price target on Home Depot to $330 from $395, which may have reinforced investor concern that the stock’s near-term upside is more limited than previously expected. Gordon Haskett price target cut

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. Piper Sandler dropped their price objective on shares of Home Depot from $441.00 to $422.00 and set an "overweight" rating on the stock in a research note on Monday, February 23rd. Morgan Stanley upped their price objective on shares of Home Depot from $412.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Gordon Haskett dropped their price objective on shares of Home Depot from $395.00 to $330.00 in a research note on Friday. Evercore dropped their price objective on shares of Home Depot from $425.00 to $415.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 31st. Finally, Jefferies Financial Group upped their price objective on shares of Home Depot from $424.00 to $454.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Twenty research 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's stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $410.86.

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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