Home Depot (NYSE:HD) Shares Down 1.2% Following Insider Selling

The Home Depot, Inc. (NYSE:HD) shares fell 1.2% during trading on Tuesday following insider selling activity. The company traded as low as $351.81 and last traded at $352.8820. 3,331,256 shares changed hands during trading, a decline of 9% from the average session volume of 3,663,604 shares. The stock had previously closed at $356.99.

Specifically, 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 transaction of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares in the company, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Ratings Changes

Several analysts recently commented on HD shares. DZ Bank restated a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Citigroup decreased their target price on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research note on Friday, November 21st. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target on the stock. in a research note on Wednesday, November 19th. Guggenheim cut their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Daiwa Capital Markets boosted their target price on Home Depot from $348.00 to $360.00 and gave the company a “neutral” rating in a research note on Tuesday. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $402.07.

Home Depot Stock Performance

The firm has a market cap of $355.04 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 13.14 and a beta of 1.06. The firm’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 quick ratio of 0.29 and a current ratio of 1.05.

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

Home Depot Announces Dividend

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

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC raised its holdings 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 worth $26,000 after acquiring an additional 33 shares during the period. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot in the second quarter valued at about $28,000. Sagard Holdings Management Inc. bought a new position in shares of Home Depot in the second quarter worth about $29,000. Financially Speaking Inc acquired a new position in shares of Home Depot during the 3rd quarter worth about $31,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Home Depot during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

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.