3,896 The Home Depot, Inc. $HD Shares Sold by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management reduced its Home Depot stake by 3.4%, selling 3,896 shares during the third quarter and retaining 109,806 shares valued at approximately $31.2 million. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with Home Depot receiving a consensus “Moderate Buy” rating and an average price target of $375.93. Recent target increases included Wells Fargo to $400 and Jefferies to $398.
• Home Depot’s latest quarterly results exceeded expectations, with EPS of $4.92 and revenue of $47.86 billion, up 5.7% year over year. The company also pays an annualized dividend of $9.32 per share, yielding about 2.9%.

Apollon Wealth Management LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 109,806 shares of the home improvement retailer's stock after selling 3,896 shares during the quarter. Apollon Wealth Management LLC's holdings in Home Depot were worth $31,239,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Zeit Capital LLC purchased a new position in shares of Home Depot in the second quarter valued at $26,000. Merkkuri Wealth Advisors LLC purchased a new position in Home Depot in the first quarter worth about $28,000. Principia Wealth Advisory LLC grew its position in Home Depot by 60.4% in the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 32 shares in the last quarter. Networth Advisors LLC grew its position in Home Depot by 54.1% in the first quarter. Networth Advisors LLC now owns 94 shares of the home improvement retailer's stock worth $31,000 after acquiring an additional 33 shares in the last quarter. Finally, Navigoe LLC bought a new stake in Home Depot during the second quarter worth approximately $32,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other news, EVP Teresa Roseborough sold 2,455 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 48,104 shares of the company's stock, valued at $16,759,433.60. This represents a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,829 shares of company stock valued at $3,339,314 in the last quarter. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HD. Melius Research set a $397.00 price objective on Home Depot in a research report on Tuesday, October 6th. UBS Group reaffirmed a "buy" rating on shares of Home Depot in a research note on Thursday, September 17th. Jefferies Financial Group reiterated a "buy" rating and issued a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. Wells Fargo & Company lifted their target price on Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Finally, Stifel Nicolaus boosted their target price on Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $375.93.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot is developing the “Orange Exchange,” a supplier initiative intended to connect the retailer with more small businesses. The effort could improve product quality, assortment and availability while supporting long-term customer demand. Home Depot's latest move is good for customers and the U.S. economy
• Positive Sentiment: Recent coverage highlights potential support from lower interest rates, which could gradually stimulate home sales, remodeling activity and larger renovation projects. Home Depot stock rebounds as rate cuts stir home-improvement demand
• Positive Sentiment: Analyst earnings and revenue estimate revisions, along with the company’s growing distribution capabilities, have renewed attention on Home Depot’s valuation. The latest quarterly results also exceeded consensus expectations, with earnings of $4.92 per share and revenue of $47.86 billion.
• Positive Sentiment: Several major institutional investors increased their Home Depot holdings during the latest reported quarter, while the median analyst price target cited by Quiver Quantitative is $375, implying potential upside from recent trading levels.
• Neutral Sentiment: The Home Depot Foundation pledged $1 billion through 2032 for veteran housing and related causes. The announcement strengthens the company’s social-impact profile but is unlikely to materially affect near-term earnings. The Home Depot Foundation Pledges $1 Billion to Veteran Causes by 2032
• Negative Sentiment: Risk-off trading, higher oil prices and persistently elevated mortgage rates are weighing on housing activity and economically sensitive retailers. Soft home sales and affordability concerns could delay big-ticket renovation demand.
• Negative Sentiment: Reported insider activity showed four sales and no purchases over the past six months, a potentially cautious signal, although the transactions do not necessarily indicate a change in the company’s fundamentals.

Home Depot Stock Performance

Home Depot stock opened at $319.73 on Monday. 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 $318.99 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The company's 50-day moving average is $309.69 and its 200 day moving average is $323.87.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the business earned $4.68 earnings per share. The company's revenue for the quarter 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. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

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.

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