Home Depot (NYSE:HD) EVP Sells $51,947.70 in Stock

The Home Depot, Inc. (NYSE:HD) EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Home Depot Trading Up 0.6%

HD opened at $359.52 on Monday. 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 Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The stock has a market cap of $357.90 billion, a PE ratio of 24.51, a PEG ratio of 13.40 and a beta of 1.06. The business has a 50 day moving average of $368.34 and a 200-day moving average of $379.38.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter last year, the company posted $3.78 EPS. Home Depot’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 predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HD shares. Citigroup dropped their price target on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Wells Fargo & Company reduced their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday. Zacks Research cut shares of Home Depot from a “hold” rating to a “strong sell” rating in a report on Thursday, November 27th. Wall Street Zen lowered Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Guggenheim lowered their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $401.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Painted Porch Advisors LLC increased its position in shares of Home Depot by 16.6% during the 3rd quarter. Painted Porch Advisors LLC now owns 373 shares of the home improvement retailer’s stock valued at $151,000 after purchasing an additional 53 shares during the last quarter. Alecta Tjanstepension Omsesidigt grew its position in Home Depot by 101.6% during the third quarter. Alecta Tjanstepension Omsesidigt now owns 284,000 shares of the home improvement retailer’s stock valued at $115,071,000 after buying an additional 143,100 shares during the period. Saranac Partners Ltd purchased a new stake in Home Depot during the third quarter valued at approximately $374,000. Severin Investments LLC raised its position in Home Depot by 3.9% in the third quarter. Severin Investments LLC now owns 1,903 shares of the home improvement retailer’s stock worth $771,000 after acquiring an additional 72 shares during the period. Finally, Allworth Financial LP raised its position in Home Depot by 1.9% in the third quarter. Allworth Financial LP now owns 204,834 shares of the home improvement retailer’s stock worth $82,997,000 after acquiring an additional 3,831 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Company Profile

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.