The Home Depot, Inc. $HD Stock Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,450 shares of the home improvement retailer’s stock after selling 2,551 shares during the quarter. Parallel Advisors LLC’s holdings in Home Depot were worth $7,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Zeit Capital LLC purchased a new position in shares of Home Depot during the second quarter valued at approximately $26,000. Principia Wealth Advisory LLC grew 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 buying an additional 32 shares during the last quarter. Navigoe LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $32,000. Gould Capital LLC raised its holdings in shares of Home Depot by 58.7% in the first quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer’s stock worth $33,000 after buying an additional 37 shares during the period. Finally, Next Level Wealth Planning LLC purchased a new stake in shares of Home Depot in the third quarter worth approximately $28,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of HD stock opened at $343.48 on Friday. The company has a market capitalization of $342.69 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.44 and a beta of 0.93. The company’s 50-day simple moving average is $309.42 and its two-hundred day simple moving average is $334.08. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the firm posted $4.68 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. Mizuho upped their price objective on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Wells Fargo & Company increased their target price on Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Stifel Nicolaus reduced their target price on Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a research note on Monday, October 26th. Finally, TD Cowen reiterated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. One equities 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 given a Sell rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

Insider Transactions at Home Depot

In other Home Depot news, CAO Kimberly Scardino sold 675 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the transaction, the chief accounting officer directly owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $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. Over the last 90 days, 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 Company 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.