The Home Depot, Inc. $HD Stock: Capital Investment Advisors LLC Decreases Position

Capital Investment Advisors LLC reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 263,114 shares of the home improvement retailer's stock after selling 6,639 shares during the period. Capital Investment Advisors LLC's holdings in Home Depot were worth $74,853,000 as of its most recent SEC filing.

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

Key Stories Impacting Home Depot

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 Home Depot stock opened at $319.73 on Friday. The company's fifty day simple moving average is $309.69 and its 200-day simple moving average is $323.89. The stock has a market capitalization of $318.99 billion, a PE ratio of 22.37, a P/E/G ratio of 2.33 and a beta of 1.00. 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 current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter last year, the company earned $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 analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share 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 issued a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot's dividend payout ratio is presently 65.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HD. Melius Research set a $397.00 price target on Home Depot in a research report on Tuesday, October 6th. Weiss Ratings restated a "hold (c)" rating on shares of Home Depot in a research note on Friday, October 2nd. Sanford C. Bernstein dropped their target price on shares of Home Depot from $354.00 to $344.00 and set a "market perform" rating on the stock in a research note on Wednesday, September 9th. 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 report on Wednesday, August 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Home Depot from $320.00 to $340.00 and gave the stock a "hold" rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $375.93.

Insider Buying and Selling at Home Depot

In related news, CAO Kimberly Scardino sold 675 shares of the business's 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 completion of the transaction, the chief accounting officer owned 8,189 shares of the company's stock, valued at $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 at the SEC website. Also, EVP Michael Rowe sold 710 shares of the business'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 sale, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is owned by corporate insiders.

About Home Depot

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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