The Home Depot, Inc. $HD Stock: Prime Capital Investment Advisors LLC Trims Holdings

Key Points

• Prime Capital Investment Advisors reduced its Home Depot stake by 7.9% in the third quarter, selling 7,397 shares and retaining 86,350 shares worth approximately $24.6 million. Institutional investors collectively own 70.86% of the company.
• Home Depot reported quarterly results above expectations, with earnings per share of $4.92 and revenue of $47.86 billion, while revenue increased 5.7% year over year. The company also maintains a $9.32 annualized dividend, yielding about 3.0%.
• Despite a consensus “Moderate Buy” rating and an average analyst price target of $375.93, some analysts have trimmed targets or downgraded the stock. Recent insider sales and continued housing-market weakness remain potential concerns.

Prime Capital Investment Advisors LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,350 shares of the home improvement retailer's stock after selling 7,397 shares during the period. Prime Capital Investment Advisors LLC's holdings in Home Depot were worth $24,566,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new position in Home Depot during the second quarter worth about $28,771,247,000. Bank of America Corp DE purchased a new stake in shares of Home Depot in the second quarter valued at about $5,780,468,000. Bank of New York Mellon Corp acquired a new stake in shares of Home Depot in the second quarter valued at approximately $2,777,396,000. Corient Private Wealth LP acquired a new stake in shares of Home Depot in the second quarter valued at approximately $390,913,000. Finally, Legal & General Group Plc acquired a new stake in shares of Home Depot in the second quarter valued at approximately $1,953,883,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 1.7%

HD stock opened at $315.04 on Wednesday. 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 company has a market cap of $314.31 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.20 and a beta of 1.00. The business has a fifty day simple moving average of $310.94 and a 200-day simple moving average of $323.93. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. The firm 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%. Home Depot's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities 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 given 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 dividend yield of 3.0%. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Home Depot News Summary

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

• Positive Sentiment: Home Depot is strengthening its position with professional contractors through strategic acquisitions, an expanded logistics network, and a greater emphasis on trade customers. Analysts and financial commentators view this strategy as a potential long-term growth driver. Alibaba vs. Home Depot: Which Consumer Stock Is a Better Buy in 2026?
• Positive Sentiment: Recent coverage describes Home Depot as a momentum and long-term stock candidate, citing improving growth in recent quarters and the company’s leadership in home improvement. That constructive framing likely supported buying interest. Should You Buy Home Depot Stock Before Nov. 17?
• Neutral Sentiment: Home Depot has become a heavily watched stock on Zacks, prompting renewed discussion of its earnings outlook, valuation, and investment style scores. The attention may increase trading activity but does not represent a fundamental change by itself. Here is What to Know Beyond Why The Home Depot, Inc. (HD) is a Trending Stock
• Neutral Sentiment: Investors are looking ahead to Home Depot’s third-quarter earnings report, scheduled for next month. Expectations for continued improvement have increased, but the report remains an important catalyst for validating the recent optimism. Should You Buy Home Depot Stock Before Nov. 17?
• Negative Sentiment: Commentary notes that housing-market activity remains constrained and that Home Depot trades at a valuation requiring investors to believe in successful strategic execution. These factors could limit upside if consumer demand or renovation spending remains weak. What Changed In Home Depot's Story?

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction dated Thursday, September 10th. The stock was 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. This trade represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 over the last three months. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. Sanford C. Bernstein reduced their target price on 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. Royal Bank Of Canada lowered their target price on Home Depot from $343.00 to $342.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 19th. Wolfe Research downgraded Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. KeyCorp reissued a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Finally, UBS Group reissued a "buy" rating on shares of Home Depot in a report on Thursday, September 17th. One 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. According to data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price 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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