The Home Depot, Inc. $HD Stock Position Cut by Comerica Bank

Key Points

• Comerica Bank trimmed its stake in The Home Depot by 3.5% in Q4, selling 20,276 shares to hold 562,312 shares (about $193.5M), making HD its 18th-largest holding and ~0.8% of Comerica’s portfolio.
• Q4 results: Home Depot beat EPS estimates ($2.72 vs. $2.52) and slightly topped revenue forecasts ($38.20B vs. $38.01B), though revenue was down 3.8% year-over-year; the company set FY2026 EPS guidance of 14.230–14.799 while analysts expect ~15.03.
• Dividend & market view: Home Depot raised its quarterly dividend to $2.33 (annualized $9.32, yield ~2.8%, payout ratio 65.5%), and analysts hold a consensus "Moderate Buy" with an average target near $414 and a P/E around 23.35.

Comerica Bank lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 562,312 shares of the home improvement retailer's stock after selling 20,276 shares during the period. Home Depot accounts for 0.8% of Comerica Bank's portfolio, making the stock its 18th biggest holding. Comerica Bank owned about 0.06% of Home Depot worth $193,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Parvin Asset Management LLC grew its position in Home Depot by 110.0% in the 3rd 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 in the last quarter. Key Capital Management INC bought a new position in Home Depot in the 4th quarter valued at about $28,000. Financially Speaking Inc bought a new position in Home Depot in the 3rd quarter valued at about $31,000. Disciplined Equity Management Inc. bought a new position in Home Depot in the 4th quarter valued at about $34,000. Finally, Family CFO Inc bought a new position in Home Depot in the 4th quarter valued at about $34,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD opened at $332.29 on Tuesday. The Home Depot, Inc. has a twelve month low of $315.31 and a twelve month 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. The company has a market capitalization of $330.97 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.67 and a beta of 1.09. The firm has a 50-day moving average of $346.54 and a two-hundred day moving average of $360.16.

Home Depot (NYSE:HD - Get Free Report) last issued 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. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the prior year, the company earned $3.13 EPS. Home Depot's revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $2.33 per share. 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 yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot's payout ratio is currently 65.50%.

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 dated Wednesday, March 4th. The shares were 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 approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Home Depot from $412.00 to $420.00 and gave the company an "overweight" rating in a research report on Wednesday, February 25th. The Goldman Sachs Group decreased their target price on shares of Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. Weiss Ratings reissued a "hold (c+)" rating on shares of Home Depot in a report on Friday, March 27th. Robert W. Baird upped their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an "outperform" rating in a report on Tuesday, February 17th. Finally, DA Davidson upped their price target on shares of Home Depot from $407.00 to $445.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $414.17.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: HD’s digital strategy is driving store productivity and higher engagement (management turning stores into efficient fulfillment hubs), which supports revenue resilience and margins over time. Home Depot's Digital Growth: Supporting Store Productivity?
• Positive Sentiment: Income investors are reminded of HD’s attractive dividend, which some analysts and commentators call a “forever-stock” feature—supporting share stability and long-term total return expectations. 1 Reason I'd Buy Home Depot Stock Today and Never Sell
• Neutral Sentiment: The stock trades at a premium (roughly 23x P/E); some analysts argue HD’s shift toward serving professional contractors and infrastructure makes that multiple reasonable, but near-term profit pressures remain. What Justifies Home Depot’s 23x Multiple?
• Neutral Sentiment: Average brokerage recommendations remain bullish, but media pieces caution that the ABR can be noisy and should be weighed with fundamentals and guidance. This creates mixed near-term sentiment among investors. Is It Worth Investing in Home Depot (HD) Based on Wall Street's Bullish Views?
• Negative Sentiment: HD shares slipped amid a broader market uptick today, suggesting sector- or stock-specific selling pressure unrelated to company fundamentals in some sessions. Home Depot (HD) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: Industry weakness showed up as a partner/rival (Wren Kitchens) filed Chapter 7, underscoring consumer caution and housing-related soft spots that could pressure Home Depot’s sales cadence. Home Depot partner and rival closes, files Chapter 7 bankruptcy

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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.