The Home Depot, Inc. $HD Stock: Eurizon Capital SGR S.p.A. Reduces Holdings

Eurizon Capital SGR S.p.A. cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 387,682 shares of the home improvement retailer’s stock after selling 8,036 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Home Depot were worth $110,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. PBU The Pension Fund of Early Childhood & Youth Educators raised its holdings in Home Depot by 0.7% during the third quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 132,196 shares of the home improvement retailer’s stock worth $37,608,000 after buying an additional 896 shares during the last quarter. Werba Rubin Papier Wealth Management grew its holdings in shares of Home Depot by 9.4% during the third quarter. Werba Rubin Papier Wealth Management now owns 1,474 shares of the home improvement retailer’s stock valued at $419,000 after buying an additional 127 shares during the last quarter. R Squared Ltd acquired a new position in shares of Home Depot during the third quarter valued at about $1,671,000. Van Strum & Towne Inc. grew its holdings in shares of Home Depot by 28.2% during the third quarter. Van Strum & Towne Inc. now owns 1,683 shares of the home improvement retailer’s stock valued at $479,000 after buying an additional 370 shares during the last quarter. Finally, Bingham Private Wealth LLC increased its position in shares of Home Depot by 3.0% during the third quarter. Bingham Private Wealth LLC now owns 1,123 shares of the home improvement retailer’s stock worth $319,000 after acquiring an additional 33 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Key Headlines Impacting Home Depot

These are some of the HD headlines that stood out recently:

• Positive Sentiment: Home Depot’s expanding Pro business, digital sales growth and ongoing investments are cited as growth drivers. One report also highlights the company among retailers with a strong probability of beating earnings expectations, though no results have been reported yet. Home Depot Stock Rallies 20% in a Month: Is It Still a Buy? Retail stocks with earnings-beat potential
• Positive Sentiment: Analyst support includes Sanford C. Bernstein’s expectation that HD shares will rise and Bank of America Securities’ continued Buy rating. Bernstein analyst expects HD shares to rise Bank of America maintains Buy rating
• Negative Sentiment: Elevated mortgage rates and sluggish housing activity could restrain demand, while rising costs are a concern. Separate commentary warns that HD’s roughly 20% one-month rally may have left the stock looking expensive relative to its cash-generation outlook; technical pressure ahead of earnings adds near-term risk. Home Depot stock looks overvalued after its run Technical pressure ahead of earnings

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HD shares. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $396.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday. Melius Research set a $397.00 price target on shares of Home Depot in a research report on Tuesday, October 6th. UBS Group reiterated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Royal Bank Of Canada decreased their price objective on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a report on Wednesday, August 19th. Finally, Argus reissued a “buy” rating and issued a $400.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. One 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $375.90.

Insider Activity

In other Home Depot news, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on 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 in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by company insiders.

Home Depot Price Performance

HD opened at $348.07 on Friday. 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 company has a market capitalization of $347.27 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.60 and a beta of 0.93. The firm’s fifty day moving average price is $311.57 and its two-hundred day moving average price is $333.42. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the company posted $4.68 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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 $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

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.