Sowell Financial Services LLC Trims Stake in The Home Depot, Inc. $HD

Sowell Financial Services LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,331 shares of the home improvement retailer’s stock after selling 1,544 shares during the period. Sowell Financial Services LLC’s holdings in Home Depot were worth $6,465,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Advocate Investing Services LLC purchased a new position in Home Depot during the fourth quarter valued at $25,000. Key Capital Management INC purchased a new position in Home Depot during the fourth quarter valued at $28,000. Cache Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at $34,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. BNP Paribas Exane dropped their price objective on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Mizuho cut their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Finally, Telsey Advisory Group lowered their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $373.18.

Home Depot News Summary

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

• Positive Sentiment: Wells Fargo raised its Home Depot price target to $400 from $360 and maintained an “overweight” rating, citing potential upside if the company’s recovery gains traction. Wells Fargo raises Home Depot price target
• Positive Sentiment: Some analysts expect Home Depot to surpass quarterly estimates, pointing to its history of earnings surprises and favorable earnings indicators. Consensus expectations call for approximately $4.73 in earnings per share and $47.24 billion in revenue for the quarter. Home Depot earnings beat outlook
• Neutral Sentiment: Decker is expected to return within a few months. During his absence, Senior Executive Vice President Ann-Marie Campbell and CFO Richard McPhail will oversee operations and financial management, providing an established interim leadership structure. Home Depot interim management announcement
• Negative Sentiment: The CEO’s medical leave introduces execution and strategic-continuity concerns just before earnings. Investors will focus on whether interim management changes the company’s outlook or commentary on consumer demand and home-improvement spending. Home Depot CEO medical leave
• Negative Sentiment: Commentary from The Motley Fool argues that HD is priced for a recovery that may arrive too soon, recommending caution ahead of the earnings release. That valuation concern could amplify pressure if results or guidance disappoint. Should You Buy Home Depot Stock Before Aug. 18?

Home Depot Stock Performance

Shares of Home Depot stock opened at $343.96 on Thursday. The stock has a market cap of $342.97 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 4.26 and a beta of 0.95. The firm’s 50-day moving average is $338.00 and its 200 day moving average is $342.17. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is presently 66.19%.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.