Kimberly Scardino Sells 675 Shares of Home Depot (NYSE:HD) Stock

by · The Cerbat Gem

The Home Depot, Inc. (NYSE:HDGet Free Report) CAO Kimberly Scardino sold 675 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the transaction, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Home Depot Price Performance

Shares of NYSE:HD opened at $308.86 on Friday. The firm’s 50 day moving average is $335.14 and its two-hundred day moving average is $333.90. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The firm has a market capitalization of $308.14 billion, a P/E ratio of 21.61, a PEG ratio of 3.40 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, September 3rd. Home Depot’s payout ratio is 65.22%.

Analyst Ratings Changes

Several research analysts have recently issued reports on HD shares. Piper Sandler decreased their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Telsey Advisory Group cut their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Guggenheim reiterated a “buy” rating and set a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Gordon Haskett upped their price objective on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $375.18.

Read Our Latest Report on Home Depot

Trending Headlines about Home Depot

Here are the key news stories impacting Home Depot this week:

Institutional Trading of Home Depot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bullseye Investment Management LLC acquired a new position in Home Depot in the second quarter worth approximately $78,000. Marathon Wealth Advisors LLC increased its holdings in shares of Home Depot by 1.6% in the second quarter. Marathon Wealth Advisors LLC now owns 7,545 shares of the home improvement retailer’s stock valued at $2,661,000 after buying an additional 119 shares in the last quarter. U S Wealth Group LLC. lifted its position in shares of Home Depot by 50.0% during the 2nd quarter. U S Wealth Group LLC. now owns 9,576 shares of the home improvement retailer’s stock valued at $3,377,000 after acquiring an additional 3,193 shares during the last quarter. Bouchey Financial Group Ltd. lifted its position in shares of Home Depot by 19.0% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 3,432 shares of the home improvement retailer’s stock valued at $1,210,000 after acquiring an additional 549 shares during the last quarter. Finally, Miramontes Capital LLC boosted its stake in shares of Home Depot by 13.3% during the 2nd quarter. Miramontes Capital LLC now owns 4,153 shares of the home improvement retailer’s stock worth $1,465,000 after acquiring an additional 488 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Company Profile

(Get Free Report)

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

See Also