Home Depot (NYSE:HD) EVP Sells $695,947.98 in Stock

The Home Depot, Inc. (NYSE:HD) EVP Angie Brown sold 1,946 shares of the firm’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 sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Home Depot Price Performance

Shares of HD opened at $356.65 on Thursday. The business’s 50-day moving average is $366.47 and its 200-day moving average is $379.04. 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 has a market capitalization of $355.04 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 13.14 and a beta of 1.06. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.78 earnings per share. 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 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid 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%.

Institutional Investors Weigh In On Home Depot

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in Home Depot during the 2nd quarter worth $28,000. Sagard Holdings Management Inc. bought a new stake in Home Depot during the second quarter valued at about $29,000. Financially Speaking Inc acquired a new stake in shares of Home Depot in the third quarter valued at about $31,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot in the second quarter worth about $32,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HD. Argus reduced their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Zacks Research lowered Home Depot from a “hold” rating to a “strong sell” rating in a report on Thursday, November 27th. UBS Group set a $430.00 price objective on Home Depot in a report on Wednesday, December 10th. Wells Fargo & Company cut their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a research report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.07.

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.