Home Depot (NYSE:HD) EVP Angie Brown Sells 1,946 Shares

The Home Depot, Inc. (NYSE:HD) EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The shares were 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 approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Home Depot Stock Performance

HD opened at $357.18 on Tuesday. The company’s 50 day moving average is $367.69 and its 200 day moving average is $379.30. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. 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 12-month low of $326.31 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly 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). The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

Hedge Funds Weigh In On Home Depot

Several institutional investors have recently bought and sold shares of HD. Brighton Jones LLC increased its stake 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 worth $10,471,000 after acquiring an additional 7,203 shares during the last quarter. United Bank grew its holdings in shares of Home Depot by 14.9% in the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock valued at $1,841,000 after purchasing an additional 653 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Home Depot by 23.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 247,415 shares of the home improvement retailer’s stock worth $90,675,000 after purchasing an additional 46,690 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in Home Depot by 50.6% during the first quarter. Northwest & Ethical Investments L.P. now owns 10,326 shares of the home improvement retailer’s stock valued at $3,782,000 after purchasing an additional 3,471 shares in the last quarter. Finally, LeConte Wealth Management LLC purchased a new stake in Home Depot during the first quarter valued at $247,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HD shares. Bank of America lowered their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $413.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $362.00 price target on shares of Home Depot in a research report on Monday, November 24th. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Finally, Stifel Nicolaus dropped their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a report on Monday, December 1st. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

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.