13,039 The Home Depot, Inc. $HD Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 514,281 shares of the home improvement retailer’s stock after selling 13,039 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Home Depot were worth $146,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Home Depot during the second quarter valued at approximately $28,771,247,000. Bank of America Corp DE acquired a new stake in Home Depot in the second quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp acquired a new stake in Home Depot in the second quarter valued at approximately $2,777,396,000. Corient Private Wealth LP bought a new stake in Home Depot in the second quarter worth approximately $390,913,000. Finally, Legal & General Group Plc bought a new stake in Home Depot in the second quarter worth approximately $1,953,883,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. Truist Financial upped their price objective on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Guggenheim reiterated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. DA Davidson reissued a “buy” rating and set a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Home Depot in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $375.31.

More Home Depot News

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

• Positive Sentiment: After the midterm elections, housing-related stocks rallied as Treasury yields eased and investors anticipated lower borrowing costs and potential housing-affordability measures. That backdrop has renewed interest in Home Depot and helped lift its shares recently. Home Depot jumped, what is driving attention now?
• Neutral Sentiment: Home Depot joined other companies objecting to a proposed tokenized-stock venue. The reports give no reason for the objection or indication of a direct effect on the retailer’s operations. Apple and Home Depot join list of objectors to tokenized stock plan
• Negative Sentiment: The housing backdrop remains a concern: housing turnover is historically weak, and Home Depot’s management has indicated that customers are waiting for greater certainty before taking on big projects. One reason to buy Home Depot stock during a weak housing market
• Negative Sentiment: Analysts have flagged potential margin headwinds from rising input and fuel costs, as well as acquisition-related product mix, despite tariff refunds supporting recent margins. Home Depot’s margin outlook faces inflationary headwinds

Home Depot Trading Down 1.5%

NYSE:HD opened at $349.96 on Friday. The Home Depot, Inc. has a 12 month low of $277.15 and a 12 month high of $397.63. The firm has a market cap of $349.15 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 2.53 and a beta of 0.93. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The company’s 50 day moving average is $309.12 and its 200-day moving average is $334.24.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Insider Activity

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares of the company’s stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kimberly Scardino sold 675 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the sale, the chief accounting officer owned 8,189 shares of the company’s stock, valued at $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock worth $3,339,314 in the last 90 days. Insiders own 0.08% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.