Home Depot (NYSE:HD) EVP Sells $1,551,900.09 in Stock

Key Points

• William Bastek, EVP of Home Depot, sold 3,783 shares of stock, reducing his position by 13.50%, with a total transaction value of approximately $1.55 million.
• Home Depot reported $4.68 EPS for the last quarter, slightly below the consensus estimate, with a 4.9% revenue increase year-over-year.
• The company declared a quarterly dividend of $2.30, with an annualized yield of 2.2% set to be paid on September 18th.

The Home Depot, Inc. (NYSE:HD - Get Free Report) EVP William D. Bastek sold 3,783 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Home Depot Trading Down 0.1%

NYSE HD traded down $0.26 during trading hours on Friday, reaching $407.20. The company's stock had a trading volume of 108,779 shares, compared to its average volume of 3,533,453. The firm has a fifty day simple moving average of $379.27 and a 200-day simple moving average of $371.45. The stock has a market cap of $405.32 billion, a P/E ratio of 27.67, a P/E/G ratio of 3.87 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio is currently 62.50%.

Institutional Trading of Home Depot

Several large investors have recently modified their holdings of HD. Cypress Capital Advisors LLC lifted its holdings in shares of Home Depot by 1.2% in the 2nd quarter. Cypress Capital Advisors LLC now owns 3,065 shares of the home improvement retailer's stock worth $1,124,000 after purchasing an additional 36 shares in the last quarter. Tribridge Partners Financial LLC bought a new position in shares of Home Depot in the 2nd quarter worth $569,000. Orion Porfolio Solutions LLC lifted its holdings in shares of Home Depot by 1.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 83,063 shares of the home improvement retailer's stock worth $30,454,000 after purchasing an additional 1,516 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Home Depot in the 2nd quarter worth $10,624,000. Finally, Promus Capital LLC lifted its holdings in shares of Home Depot by 20.9% in the 2nd quarter. Promus Capital LLC now owns 1,722 shares of the home improvement retailer's stock worth $631,000 after purchasing an additional 298 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HD shares. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Guggenheim reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Royal Bank Of Canada decreased their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Finally, Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $432.52.

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.