The Home Depot, Inc. $HD Stock Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,089 shares of the home improvement retailer’s stock after selling 2,061 shares during the quarter. Sigma Planning Corp’s holdings in Home Depot were worth $9,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of HD. BlackRock Inc. purchased a new stake in Home Depot in the 2nd quarter worth about $28,771,247,000. Bank of America Corp DE acquired a new stake in Home Depot during the 2nd quarter worth about $5,780,468,000. Bank of New York Mellon Corp purchased a new position in Home Depot during the 2nd quarter valued at about $2,777,396,000. Corient Private Wealth LP purchased a new position in Home Depot during the 2nd quarter valued at about $390,913,000. Finally, Legal & General Group Plc purchased a new position in Home Depot during the 2nd quarter valued at about $1,953,883,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD stock opened at $319.73 on Monday. 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 fifty-two week low of $277.15 and a fifty-two week high of $397.63. The stock’s 50-day moving average is $309.69 and its two-hundred day moving average is $323.87. The firm has a market cap of $318.99 billion, a P/E ratio of 22.37, a PEG ratio of 2.27 and a beta of 1.00.

Home Depot (NYSE:HD) last announced 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. The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

Insider Buying and Selling at Home Depot

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 value of $807,130.35. Following the completion of the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the 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 in the company, valued at approximately $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. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 in the last ninety days. Insiders own 0.08% 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 is developing the “Orange Exchange,” a supplier initiative intended to connect the retailer with more small businesses. The effort could improve product quality, assortment and availability while supporting long-term customer demand. Home Depot’s latest move is good for customers and the U.S. economy
• Positive Sentiment: Recent coverage highlights potential support from lower interest rates, which could gradually stimulate home sales, remodeling activity and larger renovation projects. Home Depot stock rebounds as rate cuts stir home-improvement demand
• Positive Sentiment: Analyst earnings and revenue estimate revisions, along with the company’s growing distribution capabilities, have renewed attention on Home Depot’s valuation. The latest quarterly results also exceeded consensus expectations, with earnings of $4.92 per share and revenue of $47.86 billion.
• Positive Sentiment: Several major institutional investors increased their Home Depot holdings during the latest reported quarter, while the median analyst price target cited by Quiver Quantitative is $375, implying potential upside from recent trading levels.
• Neutral Sentiment: The Home Depot Foundation pledged $1 billion through 2032 for veteran housing and related causes. 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: Risk-off trading, higher oil prices and persistently elevated mortgage rates are weighing on housing activity and economically sensitive retailers. Soft home sales and affordability concerns could delay big-ticket renovation demand.
• Negative Sentiment: Reported insider activity showed four sales and no purchases over the past six months, a potentially cautious signal, although the transactions do not necessarily indicate a change in the company’s fundamentals.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. Argus reiterated a “buy” rating and issued a $400.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Wells Fargo & Company raised their price target 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. Sanford C. Bernstein lowered their price objective on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 9th. UBS Group reiterated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Finally, Royal Bank Of Canada dropped their price objective on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $375.93.

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.