Insider Selling: Home Depot (NYSE:HD) EVP Sells 2,872 Shares of Stock

The Home Depot, Inc. (NYSE:HD) EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Home Depot Price Performance

Shares of NYSE HD traded down $1.22 during midday trading on Tuesday, hitting $346.23. The stock had a trading volume of 2,384,609 shares, compared to its average volume of 3,685,399. The company has a market capitalization of $344.68 billion, a PE ratio of 23.60, a P/E/G ratio of 13.03 and a beta of 1.06. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The stock has a 50 day simple moving average of $360.59 and a 200-day simple moving average of $378.02. 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 posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the business earned $3.78 EPS. Home Depot’s revenue 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. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

Hedge Funds Weigh In On Home Depot

Large investors have recently bought and sold shares of the business. Brighton Jones LLC raised its position in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. State of Wyoming increased its stake in Home Depot by 45.8% in the first quarter. State of Wyoming now owns 971 shares of the home improvement retailer’s stock valued at $356,000 after purchasing an additional 305 shares during the period. Driehaus Capital Management LLC purchased a new stake in shares of Home Depot in the first quarter valued at about $671,000. Quarry LP raised its holdings in shares of Home Depot by 440.6% in the first quarter. Quarry LP now owns 519 shares of the home improvement retailer’s stock valued at $190,000 after buying an additional 423 shares during the last quarter. Finally, Betterment LLC boosted its stake in shares of Home Depot by 21.1% during the first quarter. Betterment LLC now owns 1,546 shares of the home improvement retailer’s stock worth $567,000 after buying an additional 269 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Piper Sandler dropped their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Bank of America cut their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. DA Davidson decreased their target price on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $424.00 price target on shares of Home Depot in a research report on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $402.10.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.