The Home Depot, Inc. $HD Shares Newly Acquired by Atticus Wealth Management LLC

Key Points

• Atticus Wealth Management initiated a Home Depot position by purchasing 4,789 shares worth approximately $1.36 million in the third quarter. Institutional investors collectively own 70.86% of the company.
• Home Depot’s latest quarterly results exceeded expectations, with EPS of $4.92 and revenue of $47.86 billion, up 5.7% year over year. The company also maintains a $9.32 annualized dividend, yielding about 3.0%.
• Shares opened at $313.82, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $375.93. Investors remain focused on the company’s contractor strategy and distribution expansion amid weak housing activity and delayed renovation demand.

Atticus Wealth Management LLC purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,789 shares of the home improvement retailer's stock, valued at approximately $1,363,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Home Depot during the second quarter worth approximately $28,771,247,000. State Street Corp raised its stake in shares of Home Depot by 1.1% during the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock valued at $16,637,688,000 after acquiring an additional 499,168 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Home Depot during the second quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp purchased a new stake in shares of Home Depot in the second quarter valued at approximately $2,777,396,000. Finally, Amundi boosted its holdings in shares of Home Depot by 26.4% in the second quarter. Amundi now owns 7,339,614 shares of the home improvement retailer's stock valued at $2,588,535,000 after purchasing an additional 1,533,276 shares during the period. Institutional investors own 70.86% of the company's stock.

Insider Activity

In related 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 transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael F. Rowe sold 710 shares of the firm's 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 sale, the executive vice president owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 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.

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 Trading Down 0.4%

Shares of NYSE:HD opened at $313.82 on Thursday. The company has a market capitalization of $313.10 billion, a PE ratio of 21.28, a P/E/G ratio of 2.24 and a beta of 1.00. 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 Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The business's fifty day simple moving average is $310.33 and its 200-day simple moving average is $323.87.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same period in the prior year, the business posted $4.68 EPS. The firm's quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is currently 65.22%.

Wall Street Analyst Weigh In

Several research analysts have commented on HD shares. Sanford C. Bernstein reduced their price objective 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. Guggenheim reissued a "buy" rating and set a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Truist Financial increased their price target on Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. KeyCorp restated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Home Depot in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price 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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