Robertson Stephens Wealth Management LLC Grows Stock Holdings in The Home Depot, Inc. $HD

Robertson Stephens Wealth Management LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,891 shares of the home improvement retailer’s stock after acquiring an additional 2,910 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Home Depot were worth $7,533,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Financially Speaking Inc purchased a new stake in Home Depot during the third quarter worth $31,000. Key Capital Management INC purchased a new stake in Home Depot during the fourth quarter worth $28,000. Imprint Wealth LLC purchased a new stake in Home Depot during the third quarter worth $34,000. Finally, AXS Investments LLC purchased a new stake in Home Depot during the third quarter worth $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the firm’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 in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BNP Paribas Exane reduced their price objective on shares of Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Telsey Advisory Group restated an “outperform” rating and set a $435.00 price objective on shares of Home Depot in a research report on Wednesday, March 25th. DA Davidson upped their price objective on shares of Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Wells Fargo & Company upped their price objective on shares of Home Depot from $395.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.17.

Home Depot Price Performance

Shares of NYSE HD opened at $324.22 on Friday. The firm has a 50-day simple moving average of $343.27 and a 200-day simple moving average of $359.36. The stock has a market capitalization of $322.93 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 3.59 and a beta of 1.09. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 52 week low of $315.31 and a 52 week high of $426.75.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS 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 business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same period in the prior year, the business earned $3.13 earnings per share. The company’s quarterly 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, equities analysts predict 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. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Home Depot Company 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.