One Way Holdings LLC Sells 60,560 Shares of The Home Depot, Inc. $HD

Key Points

• One Way Holdings LLC cut its Home Depot stake by 95.9% in the third quarter, selling 60,560 shares and retaining 2,618 shares valued at approximately $745,000.
• Home Depot reported quarterly EPS of $4.92 and revenue of $47.86 billion, surpassing analyst estimates, while revenue increased 5.7% year over year. The company also pays a quarterly dividend of $2.33 per share, yielding about 2.7% annually.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $375.31; institutional investors own 70.86% of the company.

One Way Holdings LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 95.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,618 shares of the home improvement retailer's stock after selling 60,560 shares during the quarter. One Way Holdings LLC's holdings in Home Depot were worth $745,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Welch Group LLC boosted its stake in Home Depot by 2.8% during the third quarter. Welch Group LLC now owns 205,961 shares of the home improvement retailer's stock valued at $58,594,000 after buying an additional 5,552 shares in the last quarter. Trek Financial LLC raised its position in Home Depot by 1.4% in the third quarter. Trek Financial LLC now owns 2,474 shares of the home improvement retailer's stock worth $704,000 after acquiring an additional 34 shares in the last quarter. Woodmont Investment Counsel LLC raised its position in Home Depot by 3.4% in the third quarter. Woodmont Investment Counsel LLC now owns 20,516 shares of the home improvement retailer's stock worth $5,837,000 after acquiring an additional 677 shares in the last quarter. Dala Group LLC raised its position in Home Depot by 3.5% in the third quarter. Dala Group LLC now owns 5,559 shares of the home improvement retailer's stock worth $1,581,000 after acquiring an additional 188 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC lifted its holdings in Home Depot by 3.1% in the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 1,258 shares of the home improvement retailer's stock valued at $358,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 3.6%

Shares of Home Depot stock opened at $341.17 on Tuesday. The stock's fifty day moving average is $308.56 and its 200-day moving average is $334.72. The firm has a market capitalization of $340.38 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 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 the consensus estimate of $47.24 billion. During the same period in the prior year, the business posted $4.68 earnings per share. Home Depot'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. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot's payout ratio is presently 65.22%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HD shares. TD Cowen restated a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. Melius Research set a $397.00 price objective on shares of 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. Royal Bank Of Canada cut their target price on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 19th. Finally, Truist Financial increased their target price 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. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $375.31.

Insider Buying and Selling

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 in the last quarter. 0.08% of the stock is currently owned by corporate 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.

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