The Home Depot, Inc. $HD Holdings Trimmed by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lowered its stake in The Home Depot, Inc. (NYSE:HD) by 40.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,132 shares of the home improvement retailer’s stock after selling 81,351 shares during the period. Home Depot comprises 4.1% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 6th biggest position. Smith Chas P & Associates PA Cpas’ holdings in Home Depot were worth $47,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Vanguard Group Inc. lifted its stake in Home Depot by 0.3% in the third quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer’s stock worth $39,834,241,000 after acquiring an additional 331,217 shares during the last quarter. State Street Corp increased its position in shares of Home Depot by 0.7% in the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after purchasing an additional 300,352 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Home Depot by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock valued at $8,394,611,000 after purchasing an additional 327,674 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Home Depot by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock valued at $5,341,724,000 after purchasing an additional 153,582 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Home Depot during the 2nd quarter worth $4,885,603,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,963 shares of company stock valued at $1,748,845 in the last ninety days. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Down 1.2%

HD opened at $366.54 on Wednesday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The stock has a market capitalization of $364.89 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 13.29 and a beta of 1.09. The business’s 50-day simple moving average is $372.67 and its 200-day simple moving average is $379.26.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date is Thursday, March 12th. Home Depot’s payout ratio is 64.65%.

Analysts Set New Price Targets

Several research firms recently commented on HD. Wall Street Zen lowered Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. DA Davidson upped their price objective on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Bank of America dropped their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Argus cut their target price on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Finally, Wells Fargo & Company upped their price target on Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $416.00.

Home Depot 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.