The Home Depot, Inc. $HD Stock: Brighton Jones LLC Trims Stake

Brighton Jones LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,001 shares of the home improvement retailer’s stock after selling 1,807 shares during the period. Brighton Jones LLC’s holdings in Home Depot were worth $11,664,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HD. BlackRock Inc. purchased a new position in shares of Home Depot during the second quarter valued at about $28,771,247,000. State Street Corp increased its holdings in shares of Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after purchasing an additional 499,168 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Home Depot in the second quarter worth about $5,780,468,000. Bank of New York Mellon Corp bought a new stake in shares of Home Depot in the second quarter worth about $2,777,396,000. Finally, Amundi lifted its position in shares of Home Depot by 26.4% in the second quarter. Amundi now owns 7,339,614 shares of the home improvement retailer’s stock worth $2,588,535,000 after buying an additional 1,533,276 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $343.48 on Friday. The company has a market cap of $342.69 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.44 and a beta of 0.93. 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 business’s 50 day moving average price is $309.42 and its 200-day moving average price is $334.08. The Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two week high of $397.63.

Home Depot (NYSE:HD) last released its quarterly 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 company had revenue of $47.86 billion for 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%. Home Depot’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a dividend of $2.33 per share. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s payout ratio is 65.22%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HD. TD Cowen reissued a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Argus restated a “buy” rating and set a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Home Depot in a research note on Friday, October 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Stifel Nicolaus decreased their price objective on Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.31.

Insider Activity

In other news, CAO Kimberly R. Scardino sold 675 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were 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 in the company, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,829 shares of company stock worth $3,339,314. Insiders own 0.08% of the company’s stock.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.