NewEdge Wealth LLC Raises Holdings in The Home Depot, Inc. $HD

NewEdge Wealth LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,401 shares of the home improvement retailer’s stock after acquiring an additional 3,580 shares during the quarter. Home Depot comprises approximately 1.1% of NewEdge Wealth LLC’s holdings, making the stock its 14th biggest holding. NewEdge Wealth LLC’s holdings in Home Depot were worth $73,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Brighton Jones LLC raised its position in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC increased its position in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after purchasing an additional 173 shares during the last quarter. Ignite Planners LLC grew its stake in shares of Home Depot by 0.7% in the 2nd quarter. Ignite Planners LLC now owns 6,526 shares of the home improvement retailer’s stock valued at $2,346,000 after buying an additional 47 shares in the last quarter. Croban acquired a new stake in Home Depot in the second quarter valued at approximately $416,000. Finally, Matrix Asset Advisors Inc. NY grew its position in Home Depot by 1.8% in the second quarter. Matrix Asset Advisors Inc. NY now owns 47,617 shares of the home improvement retailer’s stock worth $17,458,000 after acquiring an additional 846 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.1%

HD opened at $383.38 on Thursday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The firm has a market cap of $381.66 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 13.69 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The firm’s 50-day simple moving average is $368.38 and its 200-day simple moving average is $380.30.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $3.78 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HD shares. Bank of America cut their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Robert W. Baird boosted their target price on Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday. Evercore decreased their target price on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. DZ Bank reissued a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 29th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $408.37.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 4,963 shares of company stock worth $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and a $410 price target, supporting upside expectations from the sell-side. Home Depot had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group
• Positive Sentiment: Robert W. Baird raised its price target to $430 and maintained an outperform rating, a notable catalyst for momentum given the relative size of the raise. Baird adjusts price target on Home Depot to 430 from 400; maintains outperform rating
• Positive Sentiment: Brokerage consensus sits around a “Moderate Buy,” reinforcing the buy-side narrative ahead of Q4 results. The Home Depot, Inc. (NYSE:HD) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Positive Sentiment: Zacks highlights Home Depot’s disciplined capital allocation (steady dividends, share buybacks and targeted investments) as supportive for long-term shareholder value. Home Depot’s Capital Discipline Drives Long-Term Shareholder Value
• Neutral Sentiment: Analyst and market commentary ahead of Q4 is mixed: some notes expect a likely earnings beat driven by Pro demand/GMS, while others warn y/y sales and EPS could be down — creating uncertainty ahead of the print. Home Depot Pre-Q4 Earnings: Is it Wise to Buy Before the Release?
• Neutral Sentiment: Jim Cramer commentary has spotlighted HD and contributed to retail attention and trading interest, but it’s not a fundamental catalyst. Jim Cramer Believes He Got the Last Laugh With Home Depot (HD) Stock
• Negative Sentiment: Management has tightened access to employee bonuses amid what it describes as a “housing market freeze,” a signal investors may read as cost control in response to softer demand — potentially negative for morale and indicative of near-term revenue pressure. Home Depot Gets Stricter on Bonuses Amid Housing Market Freeze
• Negative Sentiment: Reports note the company has made bonuses tougher to access, reinforcing the narrative of management reacting to softer housing activity. Home Depot Makes Bonuses Tougher to Access, Home Depot Stock (NYSE:HD) Notches Up
• Negative Sentiment: Operational headwinds — theft and ICE-related store disruptions (e.g., moved power tools to cages) — are flagged as customer concerns that can increase shrink costs and hurt in-store experience. Power Tools in Cages Prove Concerning to Customers, But Home Depot Stock (NYSE:HD) Slumps
• Negative Sentiment: Recent intraday/near-term pullbacks (noted by market reports) reflect investor sensitivity to macro/housing headlines even as fundamentals remain mixed. Home Depot (HD) Stock Declines While Market Improves: Some Information for Investors

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.