Home Depot (NYSE:HD) EVP Sells 2,455 Shares of Stock

Key Points

• Home Depot EVP Teresa Wynn Roseborough sold 2,455 shares at an average price of $328.77, generating approximately $807,130. She retained 14,061 shares after the transaction, a 14.86% reduction in her holdings.
• Home Depot’s latest quarterly results exceeded expectations, with adjusted earnings of $4.92 per share and revenue of $47.86 billion, up 5.7% year over year.
• The company declared a quarterly dividend of $2.33 per share, equivalent to a $9.32 annualized payout and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $375.54.

The Home Depot, Inc. (NYSE:HD - Get Free Report) EVP Teresa Wynn Roseborough sold 2,455 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Home Depot Price Performance

Shares of NYSE:HD traded down $1.67 during midday trading on Monday, reaching $328.52. 3,407,605 shares of the company's stock traded hands, compared to its average volume of 4,358,559. The company has a fifty day simple moving average of $340.97 and a two-hundred day simple moving average of $338.46. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a market cap of $327.76 billion, a P/E ratio of 22.99, a PEG ratio of 3.64 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts predict that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio is 65.22%.

Analysts Set New Price Targets

Several research firms have commented on HD. Evercore cut their price objective on Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Robert W. Baird decreased their target price on Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Mizuho lifted their price target on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. UBS Group dropped their price target on Home Depot from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Wednesday, August 19th. Finally, Oppenheimer reduced their price objective on Home Depot from $405.00 to $310.00 and set a "market perform" rating for the company in a research note on Monday, May 18th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $375.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of Nova Scotia bought a new position in Home Depot during the 2nd quarter worth approximately $118,723,000. Gator Capital Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $3,693,000. King Luther Capital Management Corp grew its stake in Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock valued at $426,848,000 after purchasing an additional 7,180 shares in the last quarter. E Fund Management Co. Ltd. acquired a new position in Home Depot during the second quarter worth $3,915,000. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Home Depot by 320.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock worth $3,886,000 after purchasing an additional 8,606 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

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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