Chicago Partners Investment Group LLC Sells 1,890 Shares of The Home Depot, Inc. $HD

Chicago Partners Investment Group LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 13.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,320 shares of the home improvement retailer’s stock after selling 1,890 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Home Depot were worth $3,940,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Winning Points Advisors LLC boosted its holdings in Home Depot by 1.0% during the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock valued at $1,020,000 after acquiring an additional 30 shares during the period. Beaird Harris Wealth Management LLC raised its stake in Home Depot by 1.6% in the second quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock worth $686,000 after buying an additional 31 shares in the last quarter. Poehling Capital Management INC. lifted its stake in shares of Home Depot by 3.1% in the 2nd quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock valued at $372,000 after purchasing an additional 32 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in shares of Home Depot by 0.3% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock valued at $3,929,000 after buying an additional 32 shares in the last quarter. Finally, Principia Wealth Advisory LLC raised its stake in 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. 70.86% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Home Depot

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

• Positive Sentiment: After the midterm elections, housing-related stocks rallied as Treasury yields eased and investors anticipated lower borrowing costs and potential housing-affordability measures. That backdrop has renewed interest in Home Depot and helped lift its shares recently. Home Depot jumped, what is driving attention now?
• Neutral Sentiment: Home Depot joined other companies objecting to a proposed tokenized-stock venue. The reports give no reason for the objection or indication of a direct effect on the retailer’s operations. Apple and Home Depot join list of objectors to tokenized stock plan
• Negative Sentiment: The housing backdrop remains a concern: housing turnover is historically weak, and Home Depot’s management has indicated that customers are waiting for greater certainty before taking on big projects. One reason to buy Home Depot stock during a weak housing market
• Negative Sentiment: Analysts have flagged potential margin headwinds from rising input and fuel costs, as well as acquisition-related product mix, despite tariff refunds supporting recent margins. Home Depot’s margin outlook faces inflationary headwinds

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HD shares. Wells Fargo & Company increased their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Melius Research set a $397.00 target price on shares of Home Depot in a report on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Home Depot in a research report on Friday, October 2nd. Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Finally, UBS Group restated a “buy” rating on shares of Home Depot in a research report on Thursday, September 17th. 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $375.31.

Insider Activity

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the business’s 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 sale, the executive vice president owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael F. Rowe sold 710 shares of the company’s 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 completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,829 shares of company stock valued at $3,339,314 over the last three months. Company insiders own 0.08% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $349.96 on Friday. The company has a market capitalization of $349.15 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.53 and a beta of 0.93. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The company’s 50-day simple moving average is $309.12 and its two-hundred day simple moving average is $334.24.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.68 earnings per share. 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 declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders 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 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 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.