3,989 The Home Depot, Inc. $HD Shares Sold by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth cut its Home Depot stake by 10.7%, selling 3,989 shares in the third quarter and retaining 33,265 shares valued at about $9.46 million.
• Analyst sentiment remains positive: Home Depot has a consensus “Moderate Buy” rating and an average price target of $375.31.
• Home Depot beat quarterly estimates, reporting EPS of $4.92 versus $4.73 expected and revenue of $47.86 billion, up 5.7% year over year.

Ashton Thomas Private Wealth LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,265 shares of the home improvement retailer's stock after selling 3,989 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Home Depot were worth $9,464,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia bought a new position in Home Depot during the second quarter valued at about $118,723,000. AFT Forsyth & Company Inc. acquired a new stake in Home Depot in the second quarter valued at about $1,896,000. Field & Main Bank bought a new position in Home Depot during the second quarter worth $6,286,000. State Street Corp boosted its position in Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock valued at $16,637,688,000 after buying an additional 499,168 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Home Depot by 9.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer's stock worth $17,315,000 after acquiring an additional 4,292 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HD shares. KeyCorp restated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Weiss Ratings reissued a "hold (c)" rating on shares of Home Depot in a report on Friday, October 2nd. DA Davidson reaffirmed a "buy" rating and issued a $377.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Wells Fargo & Company upped their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Finally, Mizuho increased their target price on Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. One equities 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 issued a Sell rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average price target of $375.31.

Home Depot Stock Performance

HD opened at $343.48 on Friday. The company has a fifty day moving average of $309.42 and a 200 day moving average of $334.08. 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 stock has a market capitalization of $342.69 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.43 and a beta of 0.93. The Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two week high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. Home Depot's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given 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 dividend yield of 2.7%. Home Depot's dividend payout ratio (DPR) is 65.22%.

Insider Buying and Selling at Home Depot

In related news, EVP Michael F. Rowe sold 710 shares of the business'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. The trade was a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,829 shares of company stock valued at $3,339,314 over the last three months. 0.08% of the stock is currently owned by company insiders.

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.

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