Lighthouse Investment Partners LLC Sells 9,866 Shares of The Home Depot, Inc. $HD

Lighthouse Investment Partners LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 20.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,515 shares of the home improvement retailer’s stock after selling 9,866 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Home Depot were worth $15,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in shares of Home Depot by 0.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 71,521 shares of the home improvement retailer’s stock valued at $28,979,000 after buying an additional 273 shares in the last quarter. JPL Wealth Management LLC raised its holdings in Home Depot by 3.7% during the 3rd quarter. JPL Wealth Management LLC now owns 8,675 shares of the home improvement retailer’s stock valued at $3,515,000 after acquiring an additional 310 shares during the period. Kingdon Capital Management L.L.C. bought a new stake in Home Depot during the 3rd quarter valued at $5,794,000. KKM Financial LLC lifted its position in shares of Home Depot by 20.4% during the third quarter. KKM Financial LLC now owns 11,973 shares of the home improvement retailer’s stock worth $4,851,000 after acquiring an additional 2,030 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its position in shares of Home Depot by 2.6% during the third quarter. Hilltop Holdings Inc. now owns 46,726 shares of the home improvement retailer’s stock worth $18,933,000 after acquiring an additional 1,170 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $338.84 on Monday. The stock has a market cap of $337.32 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 12.20 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 business has a 50-day simple moving average of $373.81 and a 200 day simple moving average of $376.37. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The firm had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the company posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is currently 65.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HD shares. Bank of America reduced their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. BNP Paribas Exane increased their price objective on Home Depot from $355.00 to $391.00 in a report on Wednesday, February 25th. Robert W. Baird lifted their target price on Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Gordon Haskett upped their price target on Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a research report on Wednesday, February 11th. Finally, Daiwa Securities Group increased their price target on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $416.00.

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.