ProShare Advisors LLC Sells 3,704 Shares of The Home Depot, Inc. $HD

ProShare Advisors LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 244,236 shares of the home improvement retailer’s stock after selling 3,704 shares during the quarter. ProShare Advisors LLC’s holdings in Home Depot were worth $69,483,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vise Technologies Inc. grew its holdings in shares of Home Depot by 19.3% in the 3rd quarter. Vise Technologies Inc. now owns 90,965 shares of the home improvement retailer’s stock worth $25,879,000 after purchasing an additional 14,708 shares during the last quarter. Investment Partners LTD. lifted its holdings in Home Depot by 26.2% during the 3rd quarter. Investment Partners LTD. now owns 5,390 shares of the home improvement retailer’s stock valued at $1,533,000 after purchasing an additional 1,119 shares during the last quarter. Cidel Asset Management Inc. boosted its position in Home Depot by 12.7% in the third quarter. Cidel Asset Management Inc. now owns 7,775 shares of the home improvement retailer’s stock valued at $2,212,000 after buying an additional 874 shares in the last quarter. Blue Fin Capital Inc. increased its holdings in shares of Home Depot by 1.6% during the third quarter. Blue Fin Capital Inc. now owns 11,607 shares of the home improvement retailer’s stock worth $3,302,000 after buying an additional 186 shares in the last quarter. Finally, Summit Global Investments increased its holdings in shares of Home Depot by 43.0% during the third quarter. Summit Global Investments now owns 9,251 shares of the home improvement retailer’s stock worth $2,632,000 after buying an additional 2,780 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HD. Argus reaffirmed a “buy” rating and issued a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Mizuho increased their price objective on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Wells Fargo & Company raised their price objective 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. Stifel Nicolaus dropped their target price on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research note on Monday, October 26th. Finally, Royal Bank Of Canada dropped their target price on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $375.31.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $206,516.25. Following the transaction, the chief accounting officer owned 8,189 shares in the company, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by insiders.

Home Depot Stock Up 0.0%

Shares of HD stock opened at $329.31 on Monday. The firm has a fifty day moving average of $308.45 and a 200-day moving average of $334.91. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The company has a market capitalization of $328.55 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 2.34 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.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the previous year, the business earned $4.68 EPS. The company’s 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. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued 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 was Thursday, September 3rd. Home Depot’s payout ratio is currently 65.22%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Steady demand for smaller home-improvement projects and continued digital gains are helping sustain Home Depot’s sales growth despite pressure on larger renovations. This suggests consumers are still spending on maintenance and affordable upgrades. Are Smaller Home Projects Sustaining Home Depot’s Sales Growth?
• Positive Sentiment: One analysis identifies HD as a potential long-term stock, supporting the bullish case based on the company’s scale, established brand, cash generation, and ability to benefit when housing and renovation activity recover. Why Home Depot Is a Top Stock for the Long-Term
• Positive Sentiment: Coverage of dividend-focused blue-chip investments highlights Home Depot’s long history of returning cash to shareholders. Its dividend may appeal to investors seeking income while waiting for a broader housing and remodeling recovery. $300,000 in Home Depot, IBM and McDonald’s Could Pay Over $8,500 a Year
• Neutral Sentiment: A comparison with Somnigroup International asks whether SGI or HD offers better value. The article is primarily a relative-valuation discussion rather than a new company-specific catalyst, so its effect on HD is likely limited. SGI vs. HD: Which Stock Is the Better Value Option?
• Negative Sentiment: Another analysis argues that HD’s valuation may be demanding after its roughly 20% three-year gain, raising concern that the share price could already reflect much of the expected future cash flow. Home Depot Stock Looks Overvalued After Its Three-Year Run
• Negative Sentiment: Commentary on a delayed macroeconomic recovery presents HD as a potential dip-buying opportunity, but also signals that high interest rates, weaker housing activity, and postponed major renovations may continue to restrain near-term results. Home Depot: Delayed Macro Recovery Triggers Dip Buying Opportunity and Richer Yields

About Home Depot

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.