Smith Chas P & Associates PA Cpas Sells 2,033 Shares of The Home Depot, Inc. $HD

Smith Chas P & Associates PA Cpas lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 187,408 shares of the home improvement retailer’s stock after selling 2,033 shares during the period. Home Depot accounts for about 3.2% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 9th biggest position. Smith Chas P & Associates PA Cpas’ holdings in Home Depot were worth $66,095,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Home Depot by 14.1% during the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after buying an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Home Depot during the second quarter worth $1,773,000. Finally, Financial Advisors Network Inc. lifted its stake in shares of Home Depot by 11.3% in the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock valued at $868,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HD shares. Piper Sandler reduced their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Morgan Stanley dropped their price target on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. HSBC cut their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. BNP Paribas Exane decreased their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group lowered their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $375.18.

Home Depot News Summary

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

• Positive Sentiment: Home Depot continues to benefit from momentum among professional customers, digital sales and faster fulfillment. These trends could help offset softer consumer traffic and support longer-term growth. Home Depot Drops 12.4% in a Month: Time to Buy or Stay Cautious?
• Positive Sentiment: The retailer is adding convenience and engagement features to its shopping experience, including a perk modeled after Costco’s approach. The initiative may improve customer retention and store visits, although its financial impact is not yet clear. Home Depot Tries to Copy Major Costco Perk
• Positive Sentiment: Home Depot remains highlighted as a company with a durable record of dividend increases, which may appeal to income-oriented investors during the housing slowdown. 5 Stocks That Keep Raising Their Dividend Regardless of the Market
• Neutral Sentiment: Chief Accounting Officer Kimberly Scardino sold 675 shares for approximately $206,516, reducing her holdings by 7.62% but retaining 8,189 shares. The transaction is relatively small and may have limited investment significance. SEC Insider Trading Filing
• Neutral Sentiment: A quantitative signal has emerged for contrarian options traders, potentially reflecting expectations that HD’s recent weakness is overdone; it does not change the company’s underlying fundamentals. A Rare Quant Signal Just Flashed for Contrarian Options Traders in Home Depot Stock
• Negative Sentiment: Analysts continue to flag weaker store traffic: recent growth has come from larger baskets and fewer transactions, increasing concern that shoppers may keep visiting less frequently as housing activity remains subdued. What Happens to Home Depot Stock If Shoppers Keep Visiting Less?
• Negative Sentiment: Erste Group Bank modestly lowered its FY2028 earnings estimate to $16.02 per share from $16.05, while Bernstein issued a pessimistic forecast for HD. The cautious analyst tone may weigh on sentiment despite Home Depot’s latest earnings beat. Sanford C. Bernstein Issues Pessimistic Forecast for Home Depot Stock

Home Depot Stock Up 1.0%

Shares of HD traded up $3.17 during trading hours on Friday, reaching $308.86. 3,488,524 shares of the stock traded hands, compared to its average volume of 4,330,872. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a fifty day simple moving average of $336.12 and a 200 day simple moving average of $334.07. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The company has a market cap of $308.14 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 3.42 and a beta of 0.95.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the firm posted $4.68 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s dividend payout ratio is currently 65.22%.

Insiders Place Their Bets

In related news, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,829 shares of company stock valued at $3,339,314. Insiders own 0.08% of the company’s stock.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.