Home Depot (NYSE:HD) EVP Teresa Wynn Roseborough Sells 2,872 Shares

The Home Depot, Inc. (NYSE:HD) EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Home Depot Price Performance

Shares of NYSE HD traded down $1.22 during midday trading on Tuesday, reaching $346.23. The stock had a trading volume of 2,384,609 shares, compared to its average volume of 3,685,399. The company has a market capitalization of $344.68 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 13.03 and a beta of 1.06. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The stock has a 50-day moving average of $360.59 and a 200-day moving average of $378.02. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the business earned $3.78 earnings per share. Home Depot’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HD. Mainstay Capital Management LLC ADV acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $263,000. WealthPlan Investment Management LLC purchased a new stake in Home Depot in the 2nd quarter worth $1,149,000. Tower View Wealth Management LLC raised its position in Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after acquiring an additional 671 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Home Depot in the first quarter valued at about $3,851,000. Finally, Shell Asset Management Co. increased its stake in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of several research reports. HSBC lowered their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Bank of America lowered their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. JPMorgan Chase & Co. decreased their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Piper Sandler lowered their price objective on Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Finally, DZ Bank reissued a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $402.10.

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.