1,858 The Home Depot, Inc. $HD Shares Sold by NovaPoint Capital LLC

NovaPoint Capital LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,643 shares of the home improvement retailer’s stock after selling 1,858 shares during the period. Home Depot accounts for about 2.1% of NovaPoint Capital LLC’s investment portfolio, making the stock its 12th biggest holding. NovaPoint Capital LLC’s holdings in Home Depot were worth $9,571,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HD. Zeit Capital LLC bought a new stake in shares of Home Depot during the 2nd quarter worth approximately $26,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Home Depot in the first quarter valued at $28,000. Principia Wealth Advisory LLC increased its holdings in Home Depot by 60.4% during the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 32 shares during the last quarter. Networth Advisors LLC increased its stake in shares of Home Depot by 54.1% during the 1st quarter. Networth Advisors LLC now owns 94 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 33 shares during the last quarter. Finally, Navigoe LLC acquired a new position in Home Depot during the second quarter worth approximately $32,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of HD stock traded down $8.00 on Friday, reaching $319.73. The company had a trading volume of 3,655,361 shares, compared to its average volume of 5,401,968. The stock has a market capitalization of $318.99 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.00. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The business’s 50-day moving average is $309.69 and its 200 day moving average is $323.89.

Home Depot (NYSE:HD) last released 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 analysts’ expectations of $47.24 billion. During the same period in the prior year, the company earned $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. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed 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 was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. Home Depot’s dividend payout ratio is 65.22%.

Trending Headlines about 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 other news, CAO Kimberly Scardino sold 675 shares of Home Depot stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the sale, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. The trade was a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Rowe sold 710 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly 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. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,829 shares of company stock valued at $3,339,314. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HD shares. Jefferies Financial Group restated a “buy” rating and issued a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. Guggenheim reaffirmed a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Royal Bank Of Canada decreased their price objective on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 19th. UBS Group restated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $375.93.

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.