Insider Selling: Home Depot (NYSE:HD) EVP Sells 1,946 Shares of Stock

The Home Depot, Inc. (NYSE:HD) EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Home Depot Stock Down 0.7%

Shares of HD traded down $2.47 during midday trading on Monday, reaching $357.18. The stock had a trading volume of 4,378,814 shares, compared to its average volume of 3,664,970. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The company’s fifty day simple moving average is $368.34 and its two-hundred day simple moving average is $379.38. The company has a market cap of $355.58 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 13.40 and a beta of 1.06. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the company earned $3.78 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot’s dividend payout ratio is 62.71%.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating and set a $413.00 price target on shares of Home Depot in a research note on Wednesday, December 10th. Telsey Advisory Group cut their target price on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research report on Wednesday, November 19th. Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Truist Financial reduced their target price on shares of Home Depot from $379.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $401.17.

Institutional Investors Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $28,000. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $29,000. Financially Speaking Inc acquired a new stake in shares of Home Depot in the 3rd quarter worth approximately $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Home Depot in the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.