The Home Depot, Inc. $HD Position Reduced by VestGen Advisors LLC

VestGen Advisors LLC trimmed its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,634 shares of the home improvement retailer’s stock after selling 2,159 shares during the quarter. VestGen Advisors LLC’s holdings in Home Depot were worth $3,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Home Depot in the second quarter worth approximately $28,771,247,000. Bank of America Corp DE purchased a new stake in shares of Home Depot during the second quarter worth approximately $5,780,468,000. Bank of New York Mellon Corp purchased a new position in Home Depot during the second quarter worth $2,777,396,000. Corient Private Wealth LP bought a new stake in Home Depot during the second quarter valued at $390,913,000. Finally, Legal & General Group Plc acquired a new position in Home Depot during the 2nd quarter valued at approximately $1,953,883,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $328.56 on Friday. The stock has a fifty day simple moving average of $308.55 and a 200-day simple moving average of $335.14. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a market cap of $327.81 billion, a PE ratio of 22.99, a P/E/G ratio of 2.26 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63.

Home Depot (NYSE:HD – Get Free Report) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors 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 yield of 2.8%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Kimberly R. Scardino sold 675 shares of the 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 sale, the chief accounting officer owned 8,189 shares of the company’s stock, valued at $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,829 shares of company stock valued at $3,339,314 over the last 90 days. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Sanford C. Bernstein cut their target price on Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a report on Wednesday, September 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. Stifel Nicolaus dropped their target price on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a research note on Monday. Royal Bank Of Canada decreased 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. Finally, Argus reaffirmed a “buy” rating and set a $400.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.31.

Check Out Our Latest Stock Analysis on HD

Home Depot News Summary

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

Home Depot Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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