Citizens Financial Group Inc. RI Sells 4,115 Shares of The Home Depot, Inc. $HD

Key Points

• Citizens Financial Group reduced its Home Depot stake by 3.9%, selling 4,115 shares and retaining 100,525 shares valued at approximately $28.6 million. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting EPS of $4.92 and revenue of $47.86 billion, with revenue up 5.7% year over year. The company also pays a quarterly dividend of $2.33 per share, yielding about 2.9% annually.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $375.93, although elevated mortgage rates, weak housing activity and recent insider selling remain potential risks.

Citizens Financial Group Inc. RI reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 100,525 shares of the home improvement retailer's stock after selling 4,115 shares during the period. Citizens Financial Group Inc. RI's holdings in Home Depot were worth $28,598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zeit Capital LLC purchased a new position in shares of Home Depot during the 2nd quarter worth $26,000. Principia Wealth Advisory LLC boosted its holdings in shares of Home Depot by 60.4% during the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 32 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Home Depot in the first quarter valued at $28,000. Navigoe LLC purchased a new stake in shares of Home Depot in the second quarter valued at $32,000. Finally, Networth Advisors LLC increased its stake in Home Depot by 54.1% in the first quarter. Networth Advisors LLC now owns 94 shares of the home improvement retailer's stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, CAO Kimberly R. Scardino sold 675 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the transaction, the chief accounting officer owned 8,189 shares of the company's stock, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa Roseborough sold 2,455 shares of the company's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, 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. 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 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

Key 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

Home Depot stock opened at $319.73 on Friday. The company has a market cap of $318.99 billion, a price-to-earnings 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 12 month low of $277.15 and a 12 month high of $397.63. 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's 50-day moving average is $309.69 and its 200-day moving average is $323.89.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, September 3rd. Home Depot's payout ratio is currently 65.22%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. KeyCorp reiterated a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Melius Research set a $397.00 price target on Home Depot in a research note on Tuesday, October 6th. Guggenheim restated a "buy" rating and issued a $425.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Home Depot in a research note on Friday, October 2nd. Finally, Stifel Nicolaus upped their price objective on shares of Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a research note on Monday, August 17th. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $375.93.

About Home Depot

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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