The Home Depot, Inc. $HD Shares Sold by Baypointe Partners LLC

Key Points

• Baypointe Partners reduced its Home Depot stake by 65% in the third quarter, selling 13,000 shares and retaining 7,000 shares valued at approximately $1.99 million. Home Depot remains the fund’s second-largest holding and represents 14.9% of its portfolio.
• Home Depot reported quarterly earnings of $4.92 per share and revenue of $47.86 billion, exceeding analyst expectations, while revenue increased 5.7% year over year. The company also declared a $2.33 quarterly dividend, representing a 2.9% yield.
• Wall Street maintains a generally positive view, with a “Moderate Buy” consensus rating and a $375.93 average price target, although elevated mortgage rates, weak housing activity and recent insider selling remain potential risks.

Baypointe Partners LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 65.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,000 shares of the home improvement retailer's stock after selling 13,000 shares during the quarter. Home Depot comprises approximately 14.9% of Baypointe Partners LLC's holdings, making the stock its 2nd largest holding. Baypointe Partners LLC's holdings in Home Depot were worth $1,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. BlackRock Inc. bought a new stake in shares of Home Depot in the second quarter valued at about $28,771,247,000. State Street Corp raised its stake in shares of Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock worth $16,637,688,000 after purchasing an additional 499,168 shares during the last quarter. Bank of America Corp DE purchased a new stake in Home Depot in the second quarter valued at $5,780,468,000. Bank of New York Mellon Corp acquired a new position in Home Depot in the second quarter valued at approximately $2,777,396,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $390,913,000. 70.86% of the stock is owned by institutional investors.

More 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 Trading Down 2.4%

Shares of HD stock opened at $319.73 on Friday. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The stock has a fifty day moving average of $309.69 and a two-hundred day moving average of $323.89. The firm has a market capitalization of $318.99 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.00.

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

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HD. DA Davidson reaffirmed a "buy" rating and set a $377.00 target price on shares of Home Depot in a report on Wednesday, August 19th. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Mizuho increased their price target on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. TD Cowen reissued a "buy" rating on shares of Home Depot in a research note on Monday, August 10th. Finally, Argus reiterated a "buy" rating and issued a $400.00 target price on shares of Home Depot in a report on Wednesday, August 19th. One equities 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 issued a Sell rating to the company. According to MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $375.93.

Insider Buying and Selling

In other news, EVP Michael F. Rowe sold 710 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was 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 $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company's stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,829 shares of company stock worth $3,339,314. Insiders own 0.08% of the company's stock.

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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