The Home Depot, Inc. $HD Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its position in The Home Depot, Inc. (NYSE:HDFree Report) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,884 shares of the home improvement retailer’s stock after selling 3,009 shares during the period. Home Depot accounts for 0.7% of Moors & Cabot Inc.’s holdings, making the stock its 25th largest position. Moors & Cabot Inc.’s holdings in Home Depot were worth $16,971,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Home Depot in the second quarter valued at about $4,885,603,000. Laurel Wealth Advisors LLC lifted its stake in shares of Home Depot by 36,207.5% in the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after buying an additional 10,049,029 shares in the last quarter. Wellington Management Group LLP boosted its position in Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after acquiring an additional 3,836,051 shares during the last quarter. Vanguard Group Inc. grew its stake in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after acquiring an additional 1,494,615 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Home Depot by 37.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after acquiring an additional 1,040,577 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Home Depot

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

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This trade represents a 17.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. Daiwa Securities Group boosted their target price on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Jefferies Financial Group upped their target price on Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Stifel Nicolaus reduced their price target on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Argus lowered their price target on shares of 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, Morgan Stanley upped their price objective on shares of Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $416.00.

View Our Latest Report on Home Depot

Home Depot Price Performance

NYSE:HD opened at $342.44 on Tuesday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The stock’s fifty day moving average is $373.77 and its two-hundred day moving average is $375.91. The company has a market capitalization of $340.90 billion, a P/E ratio of 24.06, a P/E/G ratio of 12.20 and a beta of 1.09. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data 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. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period last year, the company earned $3.13 EPS. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a $2.33 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s payout ratio is presently 65.50%.

Home Depot Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.