The Home Depot, Inc. $HD Stock Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.4% in the third quarter, Holdings Channel.com reports. The fund owned 43,402 shares of the home improvement retailer’s stock after selling 2,972 shares during the quarter. Traynor Capital Management Inc.’s holdings in Home Depot were worth $12,347,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Zeit Capital LLC bought a new stake in Home Depot in the second quarter valued at approximately $26,000. Principia Wealth Advisory LLC lifted its position in shares of Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 32 shares during the period. Navigoe LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at $32,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the 3rd quarter valued at $32,000. Finally, Gould Capital LLC boosted its stake in shares of Home Depot by 58.7% in the 1st quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer’s stock valued at $33,000 after purchasing an additional 37 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Cowen reiterated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Sanford C. Bernstein lowered their price objective on Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research report on Wednesday, September 9th. Truist Financial boosted their price objective on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Mizuho lifted their target price on Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $375.31.

Insider Transactions at Home Depot

In related news, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction on 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 directly owned 14,061 shares in the company, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. The trade was a 7.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,829 shares of company stock valued at $3,339,314 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $329.31 on Monday. The firm’s 50-day moving average price is $308.45 and its 200-day moving average price is $334.91. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The firm has a market capitalization of $328.55 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.34 and a beta of 1.00. 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 issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the business posted $4.68 EPS. The firm’s revenue for the quarter 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 anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company 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. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

Home Depot Company 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.