Rep. Kevin Hern Unloads Shares of The Home Depot, Inc. (NYSE:HD)

Key Points

• Rep. Kevin Hern sold $50,001–$100,000 of Home Depot stock on August 24 from the Hern Family Foundation account. He also reported selling shares of several other companies, including Procter & Gamble, Lowe’s, Microsoft and Medtronic.
• Home Depot recently beat quarterly expectations, reporting $4.92 EPS and $47.86 billion in revenue, with revenue up 5.7% year over year. The company declared a quarterly dividend of $2.33 per share, equivalent to a 2.9% annualized yield.
• Analysts maintain a generally positive view, with an overall “Moderate Buy” rating and a consensus price target of $375.54. Institutional investors own 70.86% of the stock, while company insiders have sold more than $3.1 million in shares over the past 90 days.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of The Home Depot, Inc. NYSE: HD. In a filing disclosed on September 01st, the Representative disclosed that they had sold between $50,001 and $100,000 in Home Depot stock on August 24th. The trade occurred in the Representative's "HERN FAMILY FOUNDATION" account.

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

• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Procter & Gamble NYSE: PG on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 8/21/2026.
• Sold $15,001 - $50,000 in shares of Honeywell Aerospace NASDAQ: HONA on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Colgate-Palmolive NYSE: CL on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Biogen NASDAQ: BIIB on 8/18/2026.
• Sold $1,001 - $15,000 in shares of Anheuser-Busch InBev SA/NV NYSE: BUD on 8/18/2026.

Home Depot Stock Performance

NYSE:HD opened at $318.63 on Thursday. The company has a market cap of $317.89 billion, a P/E ratio of 22.30, a P/E/G ratio of 3.52 and a beta of 0.95. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company's 50-day moving average price is $340.43 and its 200-day moving average price is $337.03. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating 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 company had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same period in the prior year, the business earned $4.68 EPS. The firm's quarterly revenue 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, sell-side analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Gordon Haskett boosted their price target on shares of Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Royal Bank Of Canada dropped their target price on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a report on Wednesday, August 19th. The Goldman Sachs Group decreased their price target on Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a research note on Wednesday, May 20th. Finally, Guggenheim reiterated a "buy" rating and set a $425.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $375.54.

Institutional Trading of Home Depot

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in Home Depot by 34,873.9% in the 2nd quarter. California State Teachers Retirement System now owns 525,674,125 shares of the home improvement retailer's stock valued at $185,394,750,000 after purchasing an additional 524,171,077 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Home Depot during the second quarter worth about $28,771,247,000. Bank of America Corp DE purchased a new stake in shares of Home Depot during the second quarter worth approximately $5,780,468,000. Norges Bank purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $4,850,329,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Home Depot during the second quarter worth approximately $2,777,396,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,455 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
• Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores

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 leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot's core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

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