Fisher Asset Management LLC Buys 115,427 Shares of The Home Depot, Inc. $HD

Fisher Asset Management LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,476,145 shares of the home improvement retailer’s stock after acquiring an additional 115,427 shares during the period. Fisher Asset Management LLC’s holdings in Home Depot were worth $2,980,359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Winning Points Advisors LLC increased its position in shares of Home Depot by 1.0% in the second quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock worth $1,020,000 after purchasing an additional 30 shares during the period. Beaird Harris Wealth Management LLC lifted its position in Home Depot by 1.6% during the second quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock worth $686,000 after purchasing an additional 31 shares during the period. Family Capital Management Inc. lifted its position in Home Depot by 3.4% during the third quarter. Family Capital Management Inc. now owns 949 shares of the home improvement retailer’s stock worth $270,000 after purchasing an additional 31 shares during the period. Poehling Capital Management INC. grew its stake in Home Depot by 3.1% during the second quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock worth $372,000 after buying an additional 32 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in Home Depot by 0.3% during the second quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock worth $3,929,000 after buying an additional 32 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.9%

NYSE:HD opened at $348.07 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The firm’s fifty day moving average is $311.57 and its 200-day moving average is $333.42. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63. The firm has a market cap of $347.27 billion, a P/E ratio of 24.36, a P/E/G ratio of 2.60 and a beta of 0.93.

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

Home Depot Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio is currently 65.22%.

Key Stories Impacting Home Depot

These are some of the HD stories that stood out recently:

• Positive Sentiment: Home Depot’s expanding Pro business, digital sales growth and ongoing investments are cited as growth drivers. One report also highlights the company among retailers with a strong probability of beating earnings expectations, though no results have been reported yet. Home Depot Stock Rallies 20% in a Month: Is It Still a Buy? Retail stocks with earnings-beat potential
• Neutral Sentiment: Pre-earnings coverage focuses on analyst estimates for Home Depot’s October-quarter results and key metrics, but the articles provide no reported figures; the upcoming release may be an important catalyst. Analyst projections for Home Depot Q3 earnings
• Negative Sentiment: Elevated mortgage rates and sluggish housing activity could restrain demand, while rising costs are a concern. Separate commentary warns that HD’s roughly 20% one-month rally may have left the stock looking expensive relative to its cash-generation outlook; technical pressure ahead of earnings adds near-term risk. Home Depot stock looks overvalued after its run Technical pressure ahead of earnings

Insider Buying and Selling at Home Depot

In other Home Depot news, CFO Richard McPhail sold 5,989 shares of Home Depot stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 in the last quarter. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Cowen reissued a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Melius Research set a $397.00 price target on shares of Home Depot in a research report on Tuesday, October 6th. Stifel Nicolaus decreased their price objective on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a research note on Monday, October 26th. DA Davidson restated a “buy” rating and set a $377.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Sanford C. Bernstein lifted their target price on Home Depot from $344.00 to $357.00 and gave the company a “market perform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $375.90.

Home Depot Profile

The Home Depot, Inc. is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies. In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.