The Home Depot, Inc. $HD Stock Position Lessened by Garner Asset Management Corp

Garner Asset Management Corp cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 39.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,685 shares of the home improvement retailer’s stock after selling 2,398 shares during the period. Garner Asset Management Corp’s holdings in Home Depot were worth $1,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Home Depot during the 2nd quarter valued at about $28,771,247,000. Bank of America Corp DE bought a new stake in Home Depot during the 2nd quarter worth approximately $5,780,468,000. Bank of New York Mellon Corp purchased a new stake in shares of Home Depot in the second quarter worth approximately $2,777,396,000. Corient Private Wealth LP purchased a new stake in shares of Home Depot in the second quarter worth approximately $390,913,000. Finally, Legal & General Group Plc purchased a new stake in shares of Home Depot in the second quarter worth approximately $1,953,883,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HD. DA Davidson reaffirmed a “buy” rating and set a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. UBS Group reissued a “buy” rating on shares of Home Depot in a research report on Thursday, September 17th. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating and set a $398.00 price objective on shares of Home Depot in a research note on Tuesday, August 18th. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given 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 an average rating of “Moderate Buy” and an average target price of $375.31.

Home Depot News Summary

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

• Positive Sentiment: Home Depot recently beat earnings expectations, supporting optimism about its ability to deliver results even in a challenging housing environment. Home Depot Stock Could Be Poised for a Turnaround
• Positive Sentiment: Coverage highlights Home Depot’s 17 consecutive years of dividend increases and its scale, which may help it remain resilient and sustain shareholder returns through a weak housing cycle. Home Depot Has Raised Its Dividend 17 Straight Years
• Neutral Sentiment: Analyst-oriented coverage says Home Depot has a record of earnings surprises and may be positioned to beat estimates again; this is a forecast, not a reported result. The company will hold its third-quarter earnings call on November 17. Will Home Depot Beat Estimates Again? Third Quarter Earnings Call Announcement
• Negative Sentiment: The stock’s weakness amid a broader-market uptick suggests investors remain cautious. Recent commentary cites a historically sluggish housing market and shares being down for the year as factors that could weigh on expectations for renovation-related spending. Home Depot Stock Falls Amid Market Uptick

Home Depot Trading Down 2.2%

NYSE:HD opened at $333.49 on Wednesday. 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 has a market cap of $332.72 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63. The firm has a 50-day moving average price of $308.48 and a two-hundred day moving average price of $334.51.

Home Depot (NYSE:HD) last announced its earnings results 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. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the business earned $4.68 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Insiders Place Their Bets

In other Home Depot news, CAO Kimberly R. Scardino sold 675 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the transaction, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. This represents a 7.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is owned by insiders.

Home Depot 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.