The Home Depot, Inc. $HD Stock Position Trimmed by Baypointe Partners LLC

Posted by Stanley Muller on Oct 24th, 2026

Baypointe Partners LLC reduced its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 65.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,000 shares of the home improvement retailer’s stock after selling 13,000 shares during the period. Home Depot accounts for 14.9% of Baypointe Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Baypointe Partners LLC’s holdings in Home Depot were worth $1,991,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC boosted its position in shares of Home Depot by 0.8% during the first quarter. 3Chopt Investment Partners LLC now owns 3,777 shares of the home improvement retailer’s stock worth $1,242,000 after purchasing an additional 30 shares in the last quarter. 626 Financial LLC lifted its stake in Home Depot by 3.9% in the 1st quarter. 626 Financial LLC now owns 792 shares of the home improvement retailer’s stock valued at $261,000 after purchasing an additional 30 shares during the last quarter. Winning Points Advisors LLC increased its holdings in shares of Home Depot by 1.0% during the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock worth $1,020,000 after acquiring an additional 30 shares during the last quarter. Argos Wealth Advisors LLC boosted its holdings in shares of Home Depot by 3.0% during the 1st quarter. Argos Wealth Advisors LLC now owns 1,070 shares of the home improvement retailer’s stock worth $352,000 after buying an additional 31 shares during the period. Finally, Beaird Harris Wealth Management LLC boosted its holdings in shares of Home Depot by 1.6% during the second quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock worth $686,000 after acquiring an additional 31 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

HD opened at $319.73 on Friday. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The company has a market cap of $318.99 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.33 and a beta of 1.00. The company’s fifty day moving average price is $309.69 and its two-hundred day moving average price is $323.89. 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 earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 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 the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.9%. Home Depot’s dividend payout ratio is currently 65.22%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HD. Sanford C. Bernstein reduced their price target on 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. DA Davidson reaffirmed a “buy” rating and set a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Guggenheim reissued a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. UBS Group restated a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. Finally, Truist Financial boosted their target price on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.93.

Get Our Latest Stock Report on Home Depot

Insider Activity

In related news, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction dated 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 approximately $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kimberly Scardino sold 675 shares of the stock in a transaction dated 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 owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock valued at $3,339,314 over the last ninety days. Company insiders own 0.08% 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 Company Profile

(Free Report)

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.