Prime Capital Investment Advisors LLC Sells 7,397 Shares of The Home Depot, Inc. $HD

Prime Capital Investment Advisors LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.9% during the third quarter, Holdings Channel.com reports. The fund owned 86,350 shares of the home improvement retailer’s stock after selling 7,397 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Home Depot were worth $24,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Home Depot in the 2nd quarter worth $28,771,247,000. State Street Corp lifted its holdings in shares of Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after buying an additional 499,168 shares during the period. Bank of America Corp DE bought a new position in Home Depot during the second quarter valued at about $5,780,468,000. Bank of New York Mellon Corp bought a new position in Home Depot during the second quarter valued at about $2,777,396,000. Finally, Amundi boosted its stake in Home Depot by 26.4% during the second quarter. Amundi now owns 7,339,614 shares of the home improvement retailer’s stock valued at $2,588,535,000 after buying an additional 1,533,276 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $315.04 on Wednesday. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The business’s fifty day moving average is $310.94 and its two-hundred day moving average is $323.93. The stock has a market capitalization of $314.31 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.20 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 quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during 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% compared to the same quarter last year. During the same period last year, the company posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. Home Depot’s payout ratio is 65.22%.

Insider Buying and Selling

In related news, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the transaction, the chief accounting officer directly owned 8,189 shares in the company, valued at $2,505,424.55. This represents a 7.62% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. Mizuho upped their price target on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Wells Fargo & Company upped their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Royal Bank Of Canada reduced their price objective on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. Finally, Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $375.93.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot is strengthening its position with professional contractors through strategic acquisitions, an expanded logistics network, and a greater emphasis on trade customers. Analysts and financial commentators view this strategy as a potential long-term growth driver. Alibaba vs. Home Depot: Which Consumer Stock Is a Better Buy in 2026?
• Positive Sentiment: Recent coverage describes Home Depot as a momentum and long-term stock candidate, citing improving growth in recent quarters and the company’s leadership in home improvement. That constructive framing likely supported buying interest. Should You Buy Home Depot Stock Before Nov. 17?
• Neutral Sentiment: Home Depot has become a heavily watched stock on Zacks, prompting renewed discussion of its earnings outlook, valuation, and investment style scores. The attention may increase trading activity but does not represent a fundamental change by itself. Here is What to Know Beyond Why The Home Depot, Inc. (HD) is a Trending Stock
• Neutral Sentiment: Investors are looking ahead to Home Depot’s third-quarter earnings report, scheduled for next month. Expectations for continued improvement have increased, but the report remains an important catalyst for validating the recent optimism. Should You Buy Home Depot Stock Before Nov. 17?
• Negative Sentiment: Commentary notes that housing-market activity remains constrained and that Home Depot trades at a valuation requiring investors to believe in successful strategic execution. These factors could limit upside if consumer demand or renovation spending remains weak. What Changed In Home Depot’s Story?

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.