The Home Depot, Inc. $HD Stock Sold by BIP Wealth LLC

Key Points

• BIP Wealth LLC reduced its Home Depot stake by 17.5% in the third quarter, selling 4,440 shares and retaining 20,957 shares valued at approximately $5.96 million.
• Home Depot reported quarterly earnings of $4.92 per share and revenue of $47.86 billion, exceeding analyst expectations; the company also pays an annualized dividend of $9.32 per share, yielding about 2.9%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $375.93, although insiders have recently sold shares and elevated mortgage rates continue to pose risks to renovation demand.

BIP Wealth LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 17.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,957 shares of the home improvement retailer's stock after selling 4,440 shares during the quarter. BIP Wealth LLC's holdings in Home Depot were worth $5,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In related news, EVP Michael Rowe sold 710 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction on 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. The trade was a 14.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HD. Weiss Ratings restated a "hold (c)" rating on shares of Home Depot in a research note on Friday, October 2nd. Wells Fargo & Company increased their price objective on shares of Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Guggenheim reaffirmed a "buy" rating and issued a $425.00 price target on shares of Home Depot in a report on Wednesday, August 19th. KeyCorp reissued a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada cut their price objective on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $375.93.

Home Depot Stock Performance

Shares of HD opened at $319.73 on Friday. The company has a market cap 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. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a 50-day moving average price of $309.69 and a 200-day moving average price of $323.89. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last announced its 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 company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $2.33 dividend. 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 2.9%. Home Depot's dividend payout ratio is 65.22%.

Key Headlines 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 Company 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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