Home Depot (NYSE:HD) Stock Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of The Home Depot, Inc. NYSE: HD. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Home Depot stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Home Depot Price Performance

Home Depot stock traded down $0.14 during trading hours on Tuesday, reaching $376.45. 745,224 shares of the stock were exchanged, compared to its average volume of 3,432,022. The company has a market cap of $374.20 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a 50 day moving average of $358.02 and a two-hundred day moving average of $388.50.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the prior year, the company posted $2.82 earnings per share. The business's revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.44%. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio is presently 61.66%.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Piper Sandler lowered their price target on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and boosted their price target for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Morgan Stanley lowered their target price on Home Depot from $450.00 to $410.00 and set an "overweight" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on Home Depot from $470.00 to $410.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, KGI Securities raised Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $430.32.

Institutional Investors Weigh In On Home Depot

A number of hedge funds have recently added to or reduced their stakes in HD. Principal Financial Group Inc. lifted its stake in Home Depot by 10.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after acquiring an additional 141,915 shares in the last quarter. Innova Wealth Partners bought a new position in Home Depot during the 4th quarter valued at $405,000. Northcape Capital Pty Ltd lifted its stake in Home Depot by 14.9% during the 4th quarter. Northcape Capital Pty Ltd now owns 1,879 shares of the home improvement retailer's stock valued at $731,000 after acquiring an additional 244 shares in the last quarter. Private Client Services LLC lifted its stake in Home Depot by 9.7% during the 4th quarter. Private Client Services LLC now owns 783 shares of the home improvement retailer's stock valued at $305,000 after acquiring an additional 69 shares in the last quarter. Finally, Farmers Trust Co. lifted its holdings in Home Depot by 0.7% during the fourth quarter. Farmers Trust Co. now owns 8,530 shares of the home improvement retailer's stock worth $3,318,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.