The Home Depot, Inc. $HD Shares Sold by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management trimmed its position in The Home Depot, Inc. (NYSE:HD) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,629 shares of the home improvement retailer’s stock after selling 1,927 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Home Depot were worth $5,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in HD. BlackRock Inc. acquired a new position in shares of Home Depot in the second quarter valued at about $28,771,247,000. Bank of America Corp DE acquired a new stake in shares of Home Depot during the second quarter worth about $5,780,468,000. Bank of New York Mellon Corp acquired a new stake in shares of Home Depot during the second quarter worth about $2,777,396,000. Corient Private Wealth LP purchased a new stake in Home Depot in the second quarter valued at approximately $390,913,000. Finally, Legal & General Group Plc acquired a new position in Home Depot in the 2nd quarter worth approximately $1,953,883,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Home Depot news, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 over the last three months. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on HD shares. KeyCorp restated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Royal Bank Of Canada cut 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 research note on Wednesday, August 19th. TD Cowen reissued a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Wells Fargo & Company boosted their target price on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, Melius Research set a $397.00 price target on shares of Home Depot in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given 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.

Home Depot Trading Up 3.6%

Shares of NYSE:HD opened at $341.17 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The business has a 50 day moving average of $308.56 and a two-hundred day moving average of $334.72. The company has a market capitalization of $340.38 billion, a PE ratio of 23.87, a PEG ratio of 2.26 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts forecast 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 $2.33 dividend. The ex-dividend date of this dividend 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 presently 65.22%.

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.