Rep. Jefferson Shreve Sells Off Shares of The Home Depot, Inc. (NYSE:HD)

Representative Jefferson Shreve (R-Indiana) recently sold shares of The Home Depot, Inc. NYSE: HD. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Home Depot stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Home Depot Stock Performance

Shares of HD stock traded up $2.08 during trading hours on Friday, hitting $375.17. The stock had a trading volume of 2,220,183 shares, compared to its average volume of 3,349,543. The stock's 50 day moving average is $365.59 and its 200 day moving average is $373.93. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market capitalization of $373.27 billion, a PE ratio of 25.45, a PEG ratio of 3.55 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter last year, the business earned $3.63 earnings per share. The business's quarterly revenue was up 9.4% on a year-over-year basis. As a group, research 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Analysts Set New Price Targets

Several research firms have weighed in on HD. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Jefferies Financial Group lowered their price target on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. DA Davidson decreased their target price on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Finally, Robert W. Baird decreased their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HD. Kellett Wealth Advisors LLC grew its holdings in Home Depot by 15.5% during the second quarter. Kellett Wealth Advisors LLC now owns 766 shares of the home improvement retailer's stock worth $281,000 after acquiring an additional 103 shares during the period. NorthRock Partners LLC boosted its position in Home Depot by 9.2% during the 2nd quarter. NorthRock Partners LLC now owns 17,663 shares of the home improvement retailer's stock worth $6,476,000 after acquiring an additional 1,491 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Home Depot by 6.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 132,670 shares of the home improvement retailer's stock valued at $48,642,000 after buying an additional 7,767 shares during the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of Home Depot by 1.6% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,359 shares of the home improvement retailer's stock valued at $1,232,000 after acquiring an additional 52 shares in the last quarter. Finally, Westchester Capital Management Inc. raised its stake in shares of Home Depot by 0.9% in the 2nd quarter. Westchester Capital Management Inc. now owns 38,659 shares of the home improvement retailer's stock valued at $14,174,000 after acquiring an additional 339 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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.