The Home Depot, Inc. $HD Stock: Sigma Planning Corp Decreases Stake

Sigma Planning Corp lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 33,089 shares of the home improvement retailer’s stock after selling 2,061 shares during the period. Sigma Planning Corp’s holdings in Home Depot were worth $9,518,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HD. 3Chopt Investment Partners LLC lifted its holdings in Home Depot by 0.8% in the 1st 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 during the last quarter. 626 Financial LLC boosted its position in Home Depot by 3.9% during the first quarter. 626 Financial LLC now owns 792 shares of the home improvement retailer’s stock worth $261,000 after purchasing an additional 30 shares during the period. Winning Points Advisors LLC boosted its position in Home Depot by 1.0% during the second quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock worth $1,020,000 after purchasing an additional 30 shares during the period. Argos Wealth Advisors LLC boosted its position in Home Depot by 3.0% during the first quarter. Argos Wealth Advisors LLC now owns 1,070 shares of the home improvement retailer’s stock worth $352,000 after purchasing an additional 31 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its holdings in 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 valued at $686,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $319.73 on Monday. The stock has a 50-day simple moving average of $309.69 and a 200 day simple moving average of $323.87. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. The stock has a market capitalization of $318.99 billion, a PE ratio of 22.37, a P/E/G ratio of 2.27 and a beta of 1.00. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current 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 given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio is currently 65.22%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. DA Davidson reissued a “buy” rating and issued a $377.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. TD Cowen restated a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $398.00 price objective on shares of Home Depot in a report on Tuesday, August 18th. Melius Research set a $397.00 target price on shares of Home Depot in a research note on Tuesday, October 6th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.93.

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.

Insiders Place Their Bets

In related news, CAO Kimberly R. Scardino sold 675 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the transaction, the chief accounting officer owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,829 shares of company stock valued at $3,339,314 over the last ninety days. 0.08% of the stock is owned by insiders.

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.