Carolina Wealth Advisors LLC Makes New Investment in The Home Depot, Inc. $HD

Key Points

• Carolina Wealth Advisors initiated a roughly $3.2 million Home Depot position in the third quarter, while institutional investors collectively own 70.86% of the company.
• Home Depot’s latest quarterly results exceeded expectations, with $4.92 in EPS and $47.86 billion in revenue, up 5.7% year over year. The company also pays a $2.33 quarterly dividend, representing a 2.9% annualized yield.
• Analyst sentiment remains favorable, with an overall “Moderate Buy” rating and a consensus price target of $375.93, although recent insider sales and elevated mortgage rates pose cautionary signals.

Carolina Wealth Advisors LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,251 shares of the home improvement retailer's stock, valued at approximately $3,201,000. Home Depot accounts for 1.1% of Carolina Wealth Advisors LLC's holdings, making the stock its 23rd largest position.

A number of other institutional investors have also bought and sold shares of HD. 3Chopt Investment Partners LLC raised its position in shares of Home Depot by 0.8% in the 1st quarter. 3Chopt Investment Partners LLC now owns 3,777 shares of the home improvement retailer's stock worth $1,242,000 after acquiring an additional 30 shares in the last quarter. 626 Financial LLC lifted its stake in shares of Home Depot by 3.9% in the 1st quarter. 626 Financial LLC now owns 792 shares of the home improvement retailer's stock valued at $261,000 after purchasing an additional 30 shares during the period. Winning Points Advisors LLC lifted its stake in shares of Home Depot by 1.0% in the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer's stock valued at $1,020,000 after purchasing an additional 30 shares during the period. Argos Wealth Advisors LLC lifted its stake in shares of Home Depot by 3.0% in the 1st quarter. Argos Wealth Advisors LLC now owns 1,070 shares of the home improvement retailer's stock valued at $352,000 after purchasing an additional 31 shares during the period. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of Home Depot by 1.6% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer's stock valued at $686,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, CFO Richard McPhail sold 5,989 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Kimberly Scardino sold 675 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 8,189 shares in the company, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,829 shares of company stock worth $3,339,314. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

HD has been the subject of several recent analyst reports. Melius Research set a $397.00 target price on Home Depot in a research note on Tuesday, October 6th. 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Home Depot in a research report on Friday, October 2nd. Truist Financial lifted their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Finally, Argus reiterated a "buy" rating and issued a $400.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $375.93.

More Home Depot News

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

Shares of HD opened at $319.73 on Friday. 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 stock has a 50-day moving average of $309.69 and a 200-day moving average of $323.89. The company has a market cap of $318.99 billion, a PE ratio of 22.37, a P/E/G ratio of 2.27 and a beta of 1.00. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly 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. The business had revenue of $47.86 billion for 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%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders 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 annualized dividend and a dividend yield of 2.9%. Home Depot's payout ratio is currently 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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