The Home Depot, Inc. $HD Holdings Lowered by Fischer Financial Services Inc.

Key Points

• Fischer Financial Services cut its Home Depot stake by 50.7% in the third quarter, selling 3,356 shares and ending the period with 3,266 shares valued at about $929,000.
• Analyst sentiment remains broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $375.31, despite mixed recent target revisions.
• Home Depot beat quarterly estimates, reporting EPS of $4.92 and revenue of $47.86 billion, up 5.7% year over year. Its quarterly dividend was $2.33 per share, equivalent to a 2.8% annualized yield.

Fischer Financial Services Inc. reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 50.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,266 shares of the home improvement retailer's stock after selling 3,356 shares during the quarter. Fischer Financial Services Inc.'s holdings in Home Depot were worth $929,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Zeit Capital LLC purchased a new stake in shares of Home Depot during the second quarter worth $26,000. Principia Wealth Advisory LLC raised its position in shares of Home Depot by 60.4% in the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 32 shares during the last quarter. Navigoe LLC acquired a new stake in shares of Home Depot in the second quarter valued at about $32,000. Gould Capital LLC lifted its stake in shares of Home Depot by 58.7% in the first quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer's stock worth $33,000 after buying an additional 37 shares in the last quarter. Finally, Next Level Wealth Planning LLC purchased a new position in shares of Home Depot in the third quarter worth about $28,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho boosted their price target on shares of Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of Home Depot in a report on Friday, October 2nd. Royal Bank Of Canada cut their price objective on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a report on Wednesday, August 19th. UBS Group reissued a "buy" rating on shares of Home Depot in a research note on Thursday, September 17th. Finally, Sanford C. Bernstein lowered their target price on Home Depot from $354.00 to $344.00 and set a "market perform" rating on the stock in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $375.31.

Insider Activity

In other news, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction that occurred on 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 $4,622,834.97. This represents a 14.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of the firm'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 transaction of $206,516.25. Following the sale, the chief accounting officer owned 8,189 shares of the company's stock, valued at $2,505,424.55. This represents a 7.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders 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 Stock Down 2.2%

Shares of HD opened at $333.49 on Wednesday. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The company has a market capitalization of $332.72 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The stock has a fifty day simple moving average of $308.48 and a two-hundred day simple moving average of $334.51. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

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

Home Depot Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot's payout ratio is 65.22%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot recently beat earnings expectations, supporting optimism about its ability to deliver results even in a challenging housing environment. Home Depot Stock Could Be Poised for a Turnaround
• Positive Sentiment: Coverage highlights Home Depot’s 17 consecutive years of dividend increases and its scale, which may help it remain resilient and sustain shareholder returns through a weak housing cycle. Home Depot Has Raised Its Dividend 17 Straight Years
• Neutral Sentiment: Analyst-oriented coverage says Home Depot has a record of earnings surprises and may be positioned to beat estimates again; this is a forecast, not a reported result. The company will hold its third-quarter earnings call on November 17. Will Home Depot Beat Estimates Again? Third Quarter Earnings Call Announcement
• Negative Sentiment: The stock’s weakness amid a broader-market uptick suggests investors remain cautious. Recent commentary cites a historically sluggish housing market and shares being down for the year as factors that could weigh on expectations for renovation-related spending. Home Depot Stock Falls Amid Market Uptick

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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