Key Points
- EVP Angie Brown sold 1,946 shares of Home Depot on Dec. 12 at an average price of $357.63 for about $695,948, reducing her holdings by 33.06% to 3,941 shares; the sale was disclosed in an SEC Form 4.
- Home Depot reported Q earnings of $3.74 EPS (vs. $3.83 consensus) and $41.35B in revenue, set FY2025 guidance at 14.478 EPS, and declared a quarterly dividend of $2.30 ($9.20 annual, 2.6% yield; ex-dividend Dec. 4).
- Analyst sentiment is mixed — MarketBeat shows an average rating of "Moderate Buy" with a $401.17 average target, but several firms have recently downgraded or cut price targets (e.g., DZ Bank, Zacks, Daiwa, Wells Fargo).
The Home Depot, Inc. (NYSE:HD - Get Free Report) EVP Angie Brown sold 1,946 shares of the firm's stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares of the company's stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Home Depot Stock Performance
NYSE HD opened at $357.18 on Tuesday. The business's 50 day moving average price is $367.69 and its 200-day moving average price is $379.30. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The company has a market cap of $355.58 billion, a P/E ratio of 24.35, a P/E/G ratio of 13.40 and a beta of 1.06. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the business earned $3.78 earnings per share. The firm's quarterly 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. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.
Home Depot Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot's payout ratio is currently 62.71%.
Hedge Funds Weigh In On Home Depot
Hedge funds and other institutional investors have recently made changes to their positions in the company. Parvin Asset Management LLC increased its stake in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in Home Depot during the 2nd quarter worth approximately $28,000. Sagard Holdings Management Inc. acquired a new position in shares of Home Depot during the second quarter valued at approximately $29,000. Financially Speaking Inc purchased a new position in shares of Home Depot in the third quarter valued at approximately $31,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Home Depot in the second quarter worth approximately $32,000. Institutional investors own 70.86% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on HD shares. DZ Bank reissued a "sell" rating on shares of Home Depot in a research report on Tuesday, November 18th. Zacks Research downgraded Home Depot from a "hold" rating to a "strong sell" rating in a report on Thursday, November 27th. Wells Fargo & Company dropped their price objective on Home Depot from $400.00 to $395.00 and set an "overweight" rating for the company in a report on Wednesday, December 10th. Wall Street Zen downgraded Home Depot from a "hold" rating to a "sell" rating in a research report on Friday, November 28th. Finally, Daiwa Capital Markets decreased their target price on Home Depot from $399.00 to $348.00 and set a "neutral" rating for the company in a research report on Monday, November 24th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $401.17.
View Our Latest Stock Analysis on HD
Home Depot Company Profile
(
Get Free Report)
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.
Further Reading
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