The Home Depot, Inc. $HD Stock Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK reduced its Home Depot stake by 2.2%, selling 3,881 shares in the third quarter; it retained 171,650 shares valued at about $48.8 million.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $375.45; individual targets cited ranged from $342 to $400.
• Home Depot beat quarterly earnings and revenue estimates, reporting EPS of $4.92 and revenue of $47.86 billion, up 5.7% year over year. It also paid a quarterly dividend of $2.33 per share.

AEGON ASSET MANAGEMENT UK Plc lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 171,650 shares of the home improvement retailer's stock after selling 3,881 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Home Depot were worth $48,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HD. Zeit Capital LLC purchased a new position in Home Depot during the second quarter worth about $26,000. Next Level Wealth Planning LLC bought a new position in Home Depot in the 3rd quarter worth about $28,000. Principia Wealth Advisory LLC raised its holdings in shares of Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 32 shares in the last quarter. Navigoe LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at about $32,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the 3rd quarter valued at about $32,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HD. Jefferies Financial Group restated a "buy" rating and issued a $398.00 price objective on shares of Home Depot in a research report on Tuesday, August 18th. Royal Bank Of Canada cut their price target on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 19th. DA Davidson reissued a "buy" rating and issued a $377.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Sanford C. Bernstein lowered their price objective on shares of Home Depot from $354.00 to $344.00 and set a "market perform" rating on the stock in a research report on Wednesday, September 9th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $375.45.

Home Depot News Roundup

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

• Positive Sentiment: JPMorgan raised its price target to $400 from $396 and maintained an “overweight” rating, implying potential upside from the share price cited in the report. JPMorgan rating information
• Positive Sentiment: HD rose in the latest trading session and outperformed the broader market, according to reports. Home Depot rises higher than market
• Neutral Sentiment: Analysts remain cautiously optimistic about Home Depot’s outlook despite the stock’s underperformance relative to the broader market over the past year. Home Depot analyst estimates and ratings
• Negative Sentiment: A housing slowdown, costly debt and a high valuation are cited as challenges, while the stock’s lack of progress over the past five years may weigh on investor confidence. Home Depot’s long-term shareholder returns and challenges

Home Depot Trading Up 3.0%

NYSE HD opened at $353.77 on Tuesday. The firm has a market cap of $352.95 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The stock has a 50-day moving average of $309.90 and a 200-day moving average of $333.92. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. Home Depot's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's dividend payout ratio is 65.22%.

Insider Activity

In related news, CAO Kimberly R. Scardino sold 675 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares in the company, valued at $2,505,424.55. This represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 over the last ninety days. Company insiders own 0.08% of the company's stock.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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