2,247 The Home Depot, Inc. $HD Shares Bought by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas grew its holdings in The Home Depot, Inc. (NYSE:HD) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,655 shares of the home improvement retailer’s stock after acquiring an additional 2,247 shares during the quarter. Home Depot accounts for approximately 2.9% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 9th biggest position. Smith Chas P & Associates PA Cpas’ holdings in Home Depot were worth $58,723,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HD. 3Chopt Investment Partners LLC increased its position in Home Depot by 0.8% during the first quarter. 3Chopt Investment Partners LLC now owns 3,777 shares of the home improvement retailer’s stock worth $1,242,000 after acquiring an additional 30 shares during the period. 626 Financial LLC raised its stake in Home Depot by 3.9% in the 1st quarter. 626 Financial LLC now owns 792 shares of the home improvement retailer’s stock worth $261,000 after purchasing an additional 30 shares in the last quarter. Winning Points Advisors LLC raised its stake in Home Depot by 1.0% in the 2nd 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 in the last quarter. Argos Wealth Advisors LLC boosted its holdings in Home Depot by 3.0% in the 1st quarter. Argos Wealth Advisors LLC now owns 1,070 shares of the home improvement retailer’s stock valued at $352,000 after purchasing an additional 31 shares during the period. Finally, Beaird Harris Wealth Management LLC boosted its holdings in Home Depot by 1.6% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock valued at $686,000 after purchasing an additional 31 shares during the period. Institutional investors own 70.86% of the company’s stock.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot added roughly $13 billion in market value in after-hours trading, reflecting strong investor demand and renewed confidence in the retailer. Home Depot Surges 4% After Hours, Adding $13 Billion in Market Value
• Positive Sentiment: Positive earnings and revenue estimate revisions are bringing Home Depot’s valuation back into focus. The shares have also moved above their 50-day moving average, while the company’s expansion into distribution could support longer-term growth and contractor sales. Home Depot Earnings Revisions Bring Its Valuation Story Back Into Focus
• Positive Sentiment: A technical analysis article highlights HD’s move above a historically bullish trendline, a signal that has often preceded further gains. Blue-Chip Stock Just Crossed Over Historically Bullish Trendline
• Positive Sentiment: Trefis argues that a key valuation metric makes Home Depot attractive, adding to the current bullish investment case. One Number That Makes Home Depot a Buy
• Neutral Sentiment: The Home Depot Foundation committed $1 billion through 2032 to veteran causes, including housing initiatives. 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: Analysts continue to flag risks from a sluggish housing market and weak affordability, which may delay large renovation projects. The larger distribution network could increase sales opportunities, but it also requires capital and may carry different margins. Home Depot Stuck Between Two Fundamental Issues

Analyst Ratings Changes

A number of brokerages have issued reports on HD. TD Cowen restated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Wells Fargo & Company raised their target price on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. UBS Group reiterated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Finally, Mizuho increased their price target on Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.93.

Home Depot Price Performance

Home Depot stock opened at $327.63 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The stock has a market capitalization of $326.87 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.23 and a beta of 1.00. The stock’s 50 day moving average price is $310.06 and its two-hundred day moving average price is $323.91. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63.

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. The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $2.33 dividend. 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 payout ratio is 65.22%.

Insider Transactions at Home Depot

In other news, EVP Michael Rowe sold 710 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were 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. This trade represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,829 shares of company stock valued at $3,339,314. Corporate 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 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.