Insider Selling: Home Depot (NYSE:HD) EVP Sells 2,303 Shares of Stock

Key Points

• Home Depot's EVP William Bastek sold 2,303 shares at an average price of $423.12, totaling $974,445.36, reducing his ownership by 8.68% to 24,235 shares.
• The company reported a quarterly earnings miss with $4.68 EPS, falling short of the analysts' expectations of $4.69 EPS.
• Home Depot declared a quarterly dividend of $2.30 per share, representing a 2.2% yield, with a dividend payout ratio of 62.50%.

The Home Depot, Inc. (NYSE:HD - Get Free Report) EVP William Bastek sold 2,303 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Home Depot Stock Up 0.0%

Shares of Home Depot stock traded up $0.19 during trading hours on Monday, reaching $422.88. 4,883,830 shares of the company were exchanged, compared to its average volume of 3,580,444. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock's fifty day moving average is $390.03 and its 200 day moving average is $372.22. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a market cap of $420.93 billion, a PE ratio of 28.73, a PEG ratio of 4.01 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm's revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced 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 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio is 62.50%.

Analysts Set New Price Targets

Several research firms recently commented on HD. Guggenheim reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Truist Financial increased their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. DA Davidson reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Gordon Haskett increased their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Institutional Trading of Home Depot

Several institutional investors have recently made changes to their positions in HD. Valeo Financial Advisors LLC boosted its position in Home Depot by 8.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 29,244 shares of the home improvement retailer's stock valued at $10,722,000 after buying an additional 2,308 shares during the last quarter. Milestones Private Investment Advisors LLC acquired a new stake in Home Depot during the second quarter worth about $301,000. WT Wealth Management raised its stake in Home Depot by 1.4% during the second quarter. WT Wealth Management now owns 8,199 shares of the home improvement retailer's stock worth $3,006,000 after acquiring an additional 110 shares during the period. Reynders McVeigh Capital Management LLC grew its position in Home Depot by 7.6% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 91,536 shares of the home improvement retailer's stock worth $33,561,000 after purchasing an additional 6,484 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new position in Home Depot in the 2nd quarter worth about $163,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Company Profile

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.

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