Rep. Jefferson Shreve Buys The Home Depot, Inc. (NYSE:HD) Stock

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

HD traded up $0.75 during trading on Wednesday, hitting $374.35. 713,573 shares of the stock traded hands, compared to its average volume of 3,426,669. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a market cap of $372.11 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business has a 50 day moving average price of $357.86 and a 200 day moving average price of $388.40.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the business posted $2.82 EPS. The company's revenue for the quarter was up 14.1% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.46%. Home Depot's dividend payout ratio is currently 61.66%.

Institutional Investors Weigh In On Home Depot

A number of hedge funds have recently added to or reduced their stakes in the stock. Candriam S.C.A. grew its holdings in Home Depot by 2.5% during the 1st quarter. Candriam S.C.A. now owns 372,689 shares of the home improvement retailer's stock worth $136,587,000 after acquiring an additional 9,002 shares during the last quarter. Sandhill Capital Partners LLC grew its holdings in Home Depot by 0.8% during the 1st quarter. Sandhill Capital Partners LLC now owns 14,804 shares of the home improvement retailer's stock worth $5,426,000 after acquiring an additional 117 shares during the last quarter. Aspire Growth Partners LLC grew its holdings in Home Depot by 2.0% during the 1st quarter. Aspire Growth Partners LLC now owns 2,767 shares of the home improvement retailer's stock worth $1,004,000 after acquiring an additional 55 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Home Depot during the 1st quarter worth about $480,000. Finally, New Harbor Financial Group LLC bought a new stake in Home Depot during the 1st quarter worth about $366,000. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on HD. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and upped their target price for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their target price on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $430.32.

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.