Home Depot (NYSE:HD) Stock Sale Reported by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold Home Depot shares worth between $15,001 and $50,000 on September 14 from the HERN FAMILY REVOCABLE TRUST; he also reported sales of several other stocks.
• Home Depot’s latest quarter beat expectations, with EPS of $4.92 versus $4.73 expected and revenue of $47.86 billion, up 5.7% year over year. The company also paid a quarterly dividend of $2.33, representing a 3.2% annualized yield.
• Shares face pressure from elevated mortgage rates and weak housing turnover, trading below their 50-day and 200-day moving averages. 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 $1,001 and $15,000 in Home Depot stock on August 27th. The trade occurred in the Representative's "KEVIN HERN TRADITIONAL IRA" 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 Trading Down 1.2%

NYSE HD opened at $289.81 on Tuesday. The stock has a market cap of $289.14 billion, a PE ratio of 20.28, a PEG 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 12 month low of $289.10 and a 12 month high of $410.95. The company's 50-day moving average price is $326.05 and its 200-day moving average price is $328.27.

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

Home Depot Dividend Announcement

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

Insider Activity

In other news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares of the company's stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. Jefferies Financial Group restated a "buy" rating and issued a $398.00 price objective on shares of Home Depot in a report on Tuesday, August 18th. Truist Financial raised their target price on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Stifel Nicolaus boosted their price target on shares of Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a report on Monday, August 17th. Weiss Ratings raised shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 7th. Finally, Mizuho increased their price objective on shares of Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $375.18.

Home Depot News Summary

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 large investors have recently added to or reduced their stakes in HD. QRG Capital Management Inc. lifted its position in shares of Home Depot by 7.0% during the second quarter. QRG Capital Management Inc. now owns 172,877 shares of the home improvement retailer's stock valued at $60,970,000 after buying an additional 11,256 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Home Depot by 9.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer's stock worth $17,315,000 after buying an additional 4,292 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Home Depot by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,596,155 shares of the home improvement retailer's stock worth $915,609,000 after buying an additional 10,708 shares during the last quarter. State Street Corp raised its stake in shares of 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 acquiring an additional 499,168 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA lifted its position in Home Depot by 30.9% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 8,093 shares of the home improvement retailer's stock valued at $2,854,000 after acquiring an additional 1,909 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

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.

Home Depot Company Profile

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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