The Home Depot, Inc. (NYSE:HD - Get Free Report) EVP Teresa Wynn Roseborough sold 2,455 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Home Depot Trading Down 0.5%
Shares of HD opened at $328.52 on Tuesday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $327.76 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 3.64 and a beta of 0.95. The stock's 50-day moving average price is $341.00 and its 200 day moving average price is $338.03.
Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the prior year, the firm posted $4.68 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current year.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio is presently 65.22%.
Institutional Investors Weigh In On Home Depot
Several institutional investors and hedge funds have recently made changes to their positions in the company. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $25,000. Zeit Capital LLC acquired a new position in Home Depot in the second quarter valued at about $26,000. Parvin Asset Management LLC grew its stake in 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 buying an additional 33 shares during the last quarter. Cache Advisors LLC acquired a new stake in shares of Home Depot during the first quarter worth approximately $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot during the first quarter worth approximately $28,000. Institutional investors and hedge funds own 70.86% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Home Depot from a "sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Wells Fargo & Company raised their price objective on shares of Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. BNP Paribas Exane decreased their target price on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 19th. Jefferies Financial Group reissued a "buy" rating and issued a $398.00 target price on shares of Home Depot in a research note on Tuesday, August 18th. Finally, HSBC dropped their price target on shares of Home Depot from $392.00 to $310.00 and set a "hold" rating for the company in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.
Get Our Latest Research Report on HD
About Home Depot
(
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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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