Smith Chas P & Associates PA Cpas increased its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,655 shares of the home improvement retailer’s stock after buying an additional 2,247 shares during the period. Home Depot accounts for approximately 2.9% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 9th biggest position. Smith Chas P & Associates PA Cpas’ holdings in Home Depot were worth $58,723,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in HD. Zeit Capital LLC acquired a new stake in Home Depot in the second quarter valued at $26,000. Cache Advisors LLC bought a new position in shares of Home Depot in the 1st quarter valued at about $27,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Home Depot during the 1st quarter worth about $28,000. Principia Wealth Advisory LLC increased its stake in shares of Home Depot by 60.4% during the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 32 shares during the last quarter. Finally, Networth Advisors LLC increased its stake in shares of Home Depot by 54.1% during the 1st quarter. Networth Advisors LLC now owns 94 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 33 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
HD has been the topic of a number of research analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. UBS Group reiterated a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. Jefferies Financial Group reissued a “buy” rating and set a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Royal Bank Of Canada lowered their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 19th. Finally, Guggenheim restated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $375.93.
Check Out Our Latest Research Report on Home Depot
More Home Depot News
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot added roughly $13 billion in market value in after-hours trading, reflecting strong investor demand and renewed confidence in the retailer. Home Depot Surges 4% After Hours, Adding $13 Billion in Market Value
- Positive Sentiment: Positive earnings and revenue estimate revisions are bringing Home Depot’s valuation back into focus. The shares have also moved above their 50-day moving average, while the company’s expansion into distribution could support longer-term growth and contractor sales. Home Depot Earnings Revisions Bring Its Valuation Story Back Into Focus
- Positive Sentiment: A technical analysis article highlights HD’s move above a historically bullish trendline, a signal that has often preceded further gains. Blue-Chip Stock Just Crossed Over Historically Bullish Trendline
- Positive Sentiment: Trefis argues that a key valuation metric makes Home Depot attractive, adding to the current bullish investment case. One Number That Makes Home Depot a Buy
- Neutral Sentiment: The Home Depot Foundation committed $1 billion through 2032 to veteran causes, including housing initiatives. 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: Analysts continue to flag risks from a sluggish housing market and weak affordability, which may delay large renovation projects. The larger distribution network could increase sales opportunities, but it also requires capital and may carry different margins. Home Depot Stuck Between Two Fundamental Issues
Home Depot Trading Up 4.3%
HD stock opened at $327.63 on Friday. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The stock has a market cap of $326.87 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 2.23 and a beta of 1.00. The company has a fifty day moving average price of $310.06 and a two-hundred day moving average price of $323.91. 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 quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion for 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 company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.
Home Depot Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued 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 2.8%. Home Depot’s payout ratio is presently 65.22%.
Insider Activity at Home Depot
In related news, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. 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 quarter. Corporate insiders own 0.08% of the company’s stock.
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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