Sheets Smith Wealth Management Has $1.54 Million Stock Position in The Home Depot, Inc. $HD

Sheets Smith Wealth Management lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 65.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,378 shares of the home improvement retailer’s stock after selling 8,422 shares during the period. Sheets Smith Wealth Management’s holdings in Home Depot were worth $1,544,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Zeit Capital LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at approximately $26,000. Advocate Investing Services LLC bought a new position in shares of Home Depot in the fourth quarter valued at $25,000. Cache Advisors LLC bought a new position in shares of Home Depot in the first quarter valued at $27,000. Finally, Imprint Wealth LLC acquired a new position in Home Depot during the third quarter worth $34,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of HD opened at $317.79 on Friday. The company’s 50-day moving average is $339.90 and its 200-day moving average is $336.51. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The firm has a market capitalization of $317.06 billion, a PE ratio of 22.24, a PEG ratio of 3.51 and a beta of 0.95. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate 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 was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird dropped their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. TD Cowen restated a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $354.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Morgan Stanley cut their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Finally, Argus reiterated a “buy” rating and set a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.54.

Insider Buying and Selling

In other news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 9,154 shares of company stock valued at $3,132,798. Insiders own 0.08% of the company’s stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot’s professional-customer growth and technology investments could support a recovery. The company has expanded its AI-powered Magic Apron tools across U.S. stores, while one analysis argues the stock may be about 15% undervalued if its Pro business gains momentum. Home Depot Could Be 15% Undervalued on Its Pro Growth Narrative
• Neutral Sentiment: Zacks Research raised its fiscal 2027 EPS forecast slightly to $15.03 from $14.95, broadly matching the current consensus estimate of $15.00. However, this isolated increase was accompanied by several reductions to later quarterly and annual forecasts. Home Depot Analyst Estimates
• Neutral Sentiment: Recent operating results remain a support for the shares: Home Depot exceeded quarterly earnings and revenue expectations, with revenue up 5.7% year over year. The key concern is whether that growth can accelerate amid a weak housing environment.
• Negative Sentiment: Mortgage rates have reached a one-year high following a global bond sell-off. Higher borrowing costs can discourage home purchases, renovations and moves, limiting demand for big-ticket projects at Home Depot and Lowe’s. Mortgage Rates Just Hit a One-Year High
• Negative Sentiment: Homeowners remain locked into older, cheaper mortgages, and the probability of moving within 12 months has fallen to a record-low 13.5%. Home Depot reportedly sees “no sign” of a housing turnaround, pressuring near-term sales prospects. Americans Stop Moving as Mortgage Lock-In Persists
• Negative Sentiment: Analysts have cut multiple future EPS estimates, including fiscal 2028 EPS to $16.05 from $16.23 and fiscal 2029 EPS to $17.41 from $17.62. The revisions suggest slower expected growth and weigh on valuation. The Gap Between HD Stock and Its Own Numbers
• Negative Sentiment: Comparisons with Costco and Lowe’s highlight concerns about Home Depot’s relative performance, dividend coverage and competitive position. Bearish options activity, including a proposed bear put spread, further reflects expectations that the stock could remain under pressure. Home Depot Bear Put Spread Could Return 181 Percent

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.