The Home Depot, Inc. $HD Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.2% in the third quarter, Holdings Channel.com reports. The fund owned 41,001 shares of the home improvement retailer’s stock after selling 1,807 shares during the quarter. Brighton Jones LLC’s holdings in Home Depot were worth $11,664,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HD. Winning Points Advisors LLC increased its stake in Home Depot by 1.0% in 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. Beaird Harris Wealth Management LLC lifted its position in shares of 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 worth $686,000 after purchasing an additional 31 shares during the last quarter. Poehling Capital Management INC. boosted its stake in shares of Home Depot by 3.1% during the second quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock valued at $372,000 after purchasing an additional 32 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of Home Depot by 0.3% during the second quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock valued at $3,929,000 after purchasing an additional 32 shares during the period. Finally, Principia Wealth Advisory LLC boosted its stake in shares of Home Depot by 60.4% during the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a $398.00 price target on shares of Home Depot in a report on Tuesday, August 18th. Royal Bank Of Canada reduced their price target on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. Stifel Nicolaus decreased their price objective on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a report on Monday, October 26th. Melius Research set a $397.00 price objective on shares of Home Depot in a research report on Tuesday, October 6th. Finally, Truist Financial boosted their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $375.31.

Insider Activity

In other news, CAO Kimberly R. Scardino sold 675 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the sale, the chief accounting officer directly owned 8,189 shares in the company, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot 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 transaction, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,829 shares of company stock valued at $3,339,314. Company insiders own 0.08% of the company’s stock.

Home Depot Trading Down 1.8%

Shares of NYSE:HD opened at $343.48 on Friday. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The business’s fifty day simple moving average is $309.42 and its 200-day simple moving average is $334.08. The company has a market capitalization of $342.69 billion, a PE ratio of 24.04, a P/E/G ratio of 2.44 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The firm 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 business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s payout ratio is currently 65.22%.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.