Smith Chas P & Associates PA Cpas Has $66.09 Million Stake in The Home Depot, Inc. $HD

Smith Chas P & Associates PA Cpas cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,408 shares of the home improvement retailer’s stock after selling 2,033 shares during the period. Home Depot comprises approximately 3.2% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 9th largest position. Smith Chas P & Associates PA Cpas’ holdings in Home Depot were worth $66,095,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Parvin Asset Management LLC raised its stake in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Zeit Capital LLC bought a new stake in shares of Home Depot in the second quarter worth $26,000. Advocate Investing Services LLC acquired a new stake in Home Depot in the fourth quarter valued at $25,000. Cache Advisors LLC acquired a new stake in Home Depot in the first quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new position in Home Depot during the 3rd quarter worth $34,000. 70.86% of the stock is owned by institutional investors.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot continues to benefit from momentum among professional customers, digital sales and faster fulfillment. These trends could help offset softer consumer traffic and support longer-term growth. Home Depot Drops 12.4% in a Month: Time to Buy or Stay Cautious?
• Positive Sentiment: The retailer is adding convenience and engagement features to its shopping experience, including a perk modeled after Costco’s approach. The initiative may improve customer retention and store visits, although its financial impact is not yet clear. Home Depot Tries to Copy Major Costco Perk
• Positive Sentiment: Home Depot remains highlighted as a company with a durable record of dividend increases, which may appeal to income-oriented investors during the housing slowdown. 5 Stocks That Keep Raising Their Dividend Regardless of the Market
• Neutral Sentiment: Chief Accounting Officer Kimberly Scardino sold 675 shares for approximately $206,516, reducing her holdings by 7.62% but retaining 8,189 shares. The transaction is relatively small and may have limited investment significance. SEC Insider Trading Filing
• Neutral Sentiment: A quantitative signal has emerged for contrarian options traders, potentially reflecting expectations that HD’s recent weakness is overdone; it does not change the company’s underlying fundamentals. A Rare Quant Signal Just Flashed for Contrarian Options Traders in Home Depot Stock
• Negative Sentiment: Analysts continue to flag weaker store traffic: recent growth has come from larger baskets and fewer transactions, increasing concern that shoppers may keep visiting less frequently as housing activity remains subdued. What Happens to Home Depot Stock If Shoppers Keep Visiting Less?
• Negative Sentiment: Erste Group Bank modestly lowered its FY2028 earnings estimate to $16.02 per share from $16.05, while Bernstein issued a pessimistic forecast for HD. The cautious analyst tone may weigh on sentiment despite Home Depot’s latest earnings beat. Sanford C. Bernstein Issues Pessimistic Forecast for Home Depot Stock

Insiders Place Their Bets

In other news, CFO Richard McPhail sold 5,989 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at $16,759,433.60. This trade represents a 11.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock valued at $3,339,314 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on HD. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group decreased their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Oppenheimer cut their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research note on Monday, May 18th. Morgan Stanley reduced their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, BNP Paribas Exane decreased their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.18.

Home Depot Trading Up 1.0%

Home Depot stock traded up $3.17 during trading hours on Friday, reaching $308.86. 3,488,524 shares of the company’s stock were exchanged, compared to its average volume of 4,330,872. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The firm’s 50 day simple moving average is $336.12 and its 200 day simple moving average is $334.07. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The firm has a market capitalization of $308.14 billion, a PE ratio of 21.61, a PEG ratio of 3.42 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the business earned $4.68 EPS. The firm’s 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. Research analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 3.0%. Home Depot’s payout ratio is 65.22%.

About Home Depot

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.