The Home Depot, Inc. $HD Stock Bought by Simplicity Wealth LLC

Key Points

• Simplicity Wealth increased its Home Depot stake by 36.3% in the third quarter, bringing its holdings to 25,004 shares valued at approximately $7.1 million. Institutional investors and hedge funds collectively own 70.86% of the stock.
• Home Depot exceeded quarterly expectations with $4.92 in earnings per share and $47.86 billion in revenue, while revenue rose 5.7% year over year. The company also pays a $2.33 quarterly dividend, equivalent to a 2.9% annual yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $375.93, versus a recent share price of $319.73. However, insiders have sold shares recently, and elevated mortgage rates and weak housing activity remain risks.

Simplicity Wealth LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 36.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,004 shares of the home improvement retailer's stock after purchasing an additional 6,659 shares during the quarter. Simplicity Wealth LLC's holdings in Home Depot were worth $7,113,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Madrona Financial Services LLC boosted its position in shares of Home Depot by 1.5% in the third quarter. Madrona Financial Services LLC now owns 2,692 shares of the home improvement retailer's stock valued at $766,000 after acquiring an additional 39 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $3,201,000. One Wealth Capital Management LLC boosted its holdings in shares of Home Depot by 66.1% in the 3rd quarter. One Wealth Capital Management LLC now owns 3,493 shares of the home improvement retailer's stock valued at $994,000 after purchasing an additional 1,390 shares in the last quarter. Taylor Frigon Capital Management LLC increased its stake in shares of Home Depot by 1.5% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 3,116 shares of the home improvement retailer's stock valued at $887,000 after purchasing an additional 47 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of Home Depot by 49.0% in the 3rd quarter. Evergreen Capital Management LLC now owns 20,245 shares of the home improvement retailer's stock valued at $5,760,000 after purchasing an additional 6,662 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In related 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares of the company's stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,829 shares of company stock valued at $3,339,314. Insiders own 0.08% of the company's stock.

Home Depot Price Performance

Shares of HD opened at $319.73 on Friday. 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 moving average is $309.69 and its 200 day moving average is $323.89. 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 stock has a market cap of $318.99 billion, a P/E ratio of 22.37, a P/E/G ratio of 2.27 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the business posted $4.68 EPS. Home Depot'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. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

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.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. DA Davidson reissued a "buy" rating and set a $377.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. UBS Group reaffirmed a "buy" rating on shares of Home Depot in a report on Thursday, September 17th. Argus restated a "buy" rating and issued a $400.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Wells Fargo & Company upped their target price on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Finally, Truist Financial raised their price objective on shares of Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $375.93.

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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