The Home Depot, Inc. $HD Position Decreased by Fischer Financial Services Inc.

Fischer Financial Services Inc. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 50.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,266 shares of the home improvement retailer’s stock after selling 3,356 shares during the quarter. Fischer Financial Services Inc.’s holdings in Home Depot were worth $929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Home Depot during the second quarter worth about $28,771,247,000. State Street Corp raised its stake in shares of Home Depot by 1.1% in the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after acquiring an additional 499,168 shares during the period. Bank of America Corp DE purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $2,777,396,000. Finally, Corient Private Wealth LP acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $390,913,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot News Summary

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

• Positive Sentiment: Home Depot recently beat earnings expectations, supporting optimism about its ability to deliver results even in a challenging housing environment. Home Depot Stock Could Be Poised for a Turnaround
• Positive Sentiment: Coverage highlights Home Depot’s 17 consecutive years of dividend increases and its scale, which may help it remain resilient and sustain shareholder returns through a weak housing cycle. Home Depot Has Raised Its Dividend 17 Straight Years
• Neutral Sentiment: Analyst-oriented coverage says Home Depot has a record of earnings surprises and may be positioned to beat estimates again; this is a forecast, not a reported result. The company will hold its third-quarter earnings call on November 17. Will Home Depot Beat Estimates Again? Third Quarter Earnings Call Announcement
• Negative Sentiment: The stock’s weakness amid a broader-market uptick suggests investors remain cautious. Recent commentary cites a historically sluggish housing market and shares being down for the year as factors that could weigh on expectations for renovation-related spending. Home Depot Stock Falls Amid Market Uptick

Insider Buying and Selling

In other news, CAO Kimberly Scardino sold 675 shares of Home Depot stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of 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. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Rowe sold 710 shares of the business’s stock in a transaction that occurred 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 trade represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is owned by corporate insiders.

Home Depot Stock Down 2.2%

Shares of HD opened at $333.49 on Wednesday. The company’s 50-day simple moving average is $308.48 and its 200-day simple moving average is $334.51. 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 Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The stock has a market capitalization of $332.72 billion, a PE ratio of 23.34, a P/E/G ratio of 2.43 and a beta of 0.93.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the previous year, the business posted $4.68 earnings per share. The business’s quarterly 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. Analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. Truist Financial increased their price objective on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada cut their target price on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 19th. Sanford C. Bernstein decreased their price target on Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 9th. DA Davidson restated a “buy” rating and set a $377.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $375.31.

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.