Home Depot (NYSE:HD) Shares Sold Off by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold Home Depot shares valued between $15,001 and $50,000 on September 2 from his family trust, following additional Home Depot sales on September 14.
• Home Depot’s latest quarter exceeded expectations, with EPS of $4.92 versus $4.73 forecast and revenue of $47.86 billion, up 5.7% year over year. The company also pays a quarterly dividend of $2.33 per share, yielding about 3.2% annually.
• Shares opened at $289.81, roughly 32% below their all-time high, amid concerns about high mortgage rates and weak housing activity. Analysts nevertheless maintain a “Moderate Buy” consensus with an average price target of $375.18.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of The Home Depot, Inc. NYSE: HD. In a filing disclosed on September 25th, the Representative disclosed that they had sold between $15,001 and $50,000 in Home Depot stock on September 2nd. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of CenterPoint Energy NYSE: CNP on 9/15/2026.
• Sold $1,001 - $15,000 in shares of TJX Companies NYSE: TJX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of STERIS NYSE: STE on 9/15/2026.
• Sold $1,001 - $15,000 in shares of Seagate Technology NASDAQ: STX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/14/2026.
• Sold $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Emerson Electric NYSE: EMR on 9/14/2026.

Home Depot Price Performance

Shares of HD opened at $289.81 on Tuesday. The firm has a market cap of $289.14 billion, a PE ratio of 20.28, a P/E/G ratio of 3.23 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $410.95. The firm has a fifty day simple moving average of $326.05 and a two-hundred day simple moving average of $328.27.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. During the same period last year, the firm posted $4.68 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 3.2%. Home Depot's payout ratio is currently 65.22%.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot remains the dominant U.S. home-improvement retailer, and a Wall Street Journal analysis identified it as the highest-returning U.S. stock over the past 45 years. Its long-term record supports the case for patient investors. What Actually Made Home Depot Wall Street’s Best-Kept Compounding Secret?
• Positive Sentiment: The company’s latest reported quarter was better than expected, with earnings per share of $4.92 versus the $4.73 consensus and revenue of $47.86 billion, up 5.7% year over year. This provides some support for the long-term investment case despite near-term pressure.
• Neutral Sentiment: Home Depot is attracting unusually high investor attention, but the Zacks coverage does not identify a new business catalyst; it primarily encourages investors to reassess the company’s valuation, outlook, and risks. Is Most-Watched Stock The Home Depot Worth Betting on Now?
• Negative Sentiment: Higher mortgage rates are the clearest near-term headwind. Rates around 7.5% are already weakening housing activity, while a potential rise toward 9% could further reduce home purchases, remodeling projects, and existing-home inventory turnover. Weak results from homebuilders Lennar and KB Home reinforce concerns about housing demand. Mortgage Rates Could Hit 9%
• Negative Sentiment: Analysts and commentators are also pointing to fundamental weakness, including a prolonged housing turnover freeze and uncertainty over whether Home Depot can sustain its dividend if conditions remain depressed. Shares are roughly 32% below their all-time high and below their 50-day and 200-day moving averages, signaling persistent market caution. Home Depot Is 32% Below Its All-Time High

Hedge Funds Weigh In On Home Depot

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Home Depot during the 2nd quarter valued at about $28,771,247,000. State Street Corp increased its stake in Home Depot by 1.1% during the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock worth $16,637,688,000 after purchasing an additional 499,168 shares in the last quarter. Geode Capital Management LLC raised its holdings in Home Depot by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer's stock worth $8,151,344,000 after buying an additional 343,153 shares during the period. Bank of America Corp DE acquired a new stake in Home Depot during the 2nd quarter worth approximately $5,780,468,000. Finally, Norges Bank bought a new position in Home Depot in the fourth quarter valued at approximately $4,850,329,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Sanford C. Bernstein lowered their price target on shares of Home Depot from $354.00 to $344.00 and set a "market perform" rating on the stock in a report on Wednesday, September 9th. Wells Fargo & Company increased their price objective on shares of Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 7th. Guggenheim restated a "buy" rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Finally, UBS Group reaffirmed a "buy" rating on shares of Home Depot in a report on Thursday, September 17th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $375.18.

Insider Activity at Home Depot

In other news, CAO Kimberly Scardino sold 675 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the transaction, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. This represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard McPhail sold 5,989 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,829 shares of company stock worth $3,339,314 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Home Depot

The Home Depot, Inc NYSE: HD is a home improvement retailer serving do-it-yourself customers, professional contractors, and other trade professionals. The company sells building materials, appliances, décor, hardware, plumbing and electrical supplies, tools, outdoor products, and lawn and garden merchandise through its retail stores and digital platforms.

Home Depot also provides services such as installation, equipment rental, delivery, and project support. Its professional customer offerings include job-lot quantities, delivery solutions, credit services, and tools designed to help contractors manage construction and renovation projects.

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