Home Depot (NYSE:HD) EVP Teresa Wynn Roseborough Sells 5,483 Shares

Key Points

• Teresa Wynn Roseborough, Home Depot's EVP, sold 5,483 shares of the company for approximately $2.27 million, reducing her position by 25.45% to 16,057 shares.
• Home Depot reported Q2 earnings per share (EPS) of $4.68, which missed estimates by $0.01, with revenue of $45.28 billion, slightly below predictions.
• The company declared a $2.30 quarterly dividend to be paid on September 18th, reflecting an annualized dividend of $9.20 and a dividend yield of 2.2%.

The Home Depot, Inc. (NYSE:HD - Get Free Report) EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Teresa Wynn Roseborough also recently made the following trade(s):

• On Wednesday, May 28th, Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68.

Home Depot Stock Down 0.1%

Home Depot stock traded down $0.41 during trading hours on Friday, reaching $407.04. The stock had a trading volume of 2,210,294 shares, compared to its average volume of 3,613,161. The company has a market cap of $405.16 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 3.86 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The business's 50 day moving average price is $380.40 and its 200-day moving average price is $371.39. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the previous year, the firm posted $4.60 EPS. Home Depot's revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio is 62.50%.

Analyst Upgrades and Downgrades

HD has been the topic of several research reports. Morgan Stanley increased their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Truist Financial increased their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company increased their price target on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Gordon Haskett increased their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, Robert W. Baird increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Institutional Investors Weigh In On Home Depot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer's stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares during the last quarter. State Street Corp increased its position in shares of Home Depot by 0.7% during the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer's stock worth $16,871,246,000 after purchasing an additional 300,352 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Home Depot by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer's stock worth $8,394,611,000 after purchasing an additional 327,674 shares during the last quarter. Asset Planning Services Inc. LA ADV increased its position in shares of Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Home Depot by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer's stock worth $5,341,724,000 after purchasing an additional 153,582 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

About Home Depot

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.