Home Depot (NYSE:HD) Shares Down 1.2% on Insider Selling

by · The Markets Daily

The Home Depot, Inc. (NYSE:HD – Get Free Report) shares fell 1.2% on Tuesday following insider selling activity. The stock traded as low as $351.81 and last traded at $352.8820. 3,331,256 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 3,663,604 shares. The stock had previously closed at $356.99.

Specifically, EVP Angie Brown sold 1,946 shares of the stock in a transaction dated Friday, December 12th. The stock was 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 in the company, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HD. Guggenheim lowered their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. DA Davidson cut their price objective on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. HSBC reduced their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Robert W. Baird cut their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, Wolfe Research reduced their price objective on shares of Home Depot from $423.00 to $414.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $401.57.

Get Our Latest Research Report on Home Depot

Home Depot Price Performance

The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The business has a 50-day simple moving average of $367.69 and a 200 day simple moving average of $379.30. The firm has a market cap of $351.30 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06.

Home Depot (NYSE:HD – Get Free Report) last announced its 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). The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is presently 62.71%.

Institutional Inflows and Outflows

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% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Home Depot during the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. purchased a new position in shares of Home Depot during the second quarter valued at approximately $29,000. Financially Speaking Inc bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot in the 2nd quarter worth approximately $32,000. Institutional investors own 70.86% of the company’s stock.

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.

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