The Home Depot, Inc. $HD Holdings Lowered by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Home Depot stake by 65.7% in the third quarter, selling 33,251 shares and retaining 17,327 shares valued at approximately $4.9 million. Institutional investors collectively own 70.86% of the company.
• Home Depot’s latest quarterly results exceeded expectations, with adjusted earnings of $4.92 per share and revenue of $47.86 billion, up 5.7% year over year. The company also pays a quarterly dividend of $2.33, representing a 3.0% yield.
• Despite housing-market pressures and recent insider selling, analysts remain broadly positive, giving Home Depot a consensus “Moderate Buy” rating and an average price target of $375.93 versus the stock’s reported price near $313.82.

Axxcess Wealth Management LLC lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 65.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,327 shares of the home improvement retailer's stock after selling 33,251 shares during the quarter. Axxcess Wealth Management LLC's holdings in Home Depot were worth $4,929,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Home Depot during the second quarter worth $28,771,247,000. Bank of America Corp DE acquired a new position in Home Depot in the second quarter valued at about $5,780,468,000. Bank of New York Mellon Corp acquired a new position in Home Depot in the second quarter valued at about $2,777,396,000. Corient Private Wealth LP acquired a new position in Home Depot in the second quarter valued at about $390,913,000. Finally, Legal & General Group Plc bought a new position in Home Depot during the second quarter worth about $1,953,883,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot crossed above a historically bullish trendline. Similar technical breakouts have historically preceded significant gains, while the stock had recently posted a six-session advance and remains near the $320 level. Blue-Chip Stock Just Crossed Over Historically Bullish Trendline
• Positive Sentiment: The stock previously outperformed the broader market, supported by investor interest in Home Depot’s professional-contractor strategy, acquisitions, and logistics network. Why Home Depot Outpaced the Stock Market Today
• Neutral Sentiment: Home Depot is becoming a larger distributor, combining 2,364 retail stores with more than 1,340 distribution locations. The broader network could capture more contractor spending, but its margins, capital needs, and returns may differ from the traditional retail model. Home Depot: Does Becoming a Bigger Distributor Change How the Stock Should Be Valued?
• Neutral Sentiment: Home Depot remains a widely watched and trending stock, although investor attention alone does not change the company’s fundamentals. Key factors include housing activity, renovation demand, earnings growth, and execution of its contractor-focused strategy. What to Know Beyond Why Home Depot Is a Trending Stock
• Negative Sentiment: The company is caught between a sluggish housing market and restrained large renovation projects. Weak housing turnover and affordability pressures could delay demand recovery, making investors cautious about paying a premium for Home Depot’s larger platform. Home Depot Stuck Between Two Fundamental Issues

Home Depot Stock Down 0.4%

NYSE:HD opened at $313.82 on Thursday. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a market cap of $313.10 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.24 and a beta of 1.00. The stock has a 50-day moving average price of $310.33 and a two-hundred day moving average price of $323.87.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) 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%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot's payout ratio is currently 65.22%.

Insiders Place Their Bets

In other Home Depot news, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction that occurred 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. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,829 shares of company stock valued at $3,339,314 in the last quarter. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Home Depot in a research report on Friday, October 2nd. Truist Financial upped their price target on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Mizuho increased their price target on shares of Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. Jefferies Financial Group reissued a "buy" rating and set a $398.00 price objective on shares of Home Depot in a research note on Tuesday, August 18th. Finally, Royal Bank Of Canada reduced their price objective on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $375.93.

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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