Home Depot (NYSE:HD) EVP Ann Marie Campbell Sells 145 Shares

The Home Depot, Inc. (NYSE:HD) EVP Ann Marie Campbell sold 145 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Home Depot Stock Up 0.6%

Shares of Home Depot stock opened at $359.52 on Friday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The firm has a market capitalization of $357.90 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 13.32 and a beta of 1.06. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The stock’s fifty day moving average is $368.34 and its 200-day moving average is $379.23.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share 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 analysts’ expectations of $41.06 billion. During the same period in the prior year, the business posted $3.78 EPS. The company’s revenue for the quarter 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. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Analysts Set New Price Targets

Several analysts have issued reports on HD shares. Evercore ISI cut their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. UBS Group set a $430.00 price target on Home Depot in a research report on Wednesday. DA Davidson decreased their price objective on Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank Of Canada lowered their target price on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, DZ Bank reissued a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given 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.

Hedge Funds Weigh In On Home Depot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parvin Asset Management LLC lifted its position in shares of Home Depot by 110.0% during the 3rd 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 during the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot in the second quarter worth $29,000. Financially Speaking Inc bought a new position in Home Depot during the third quarter worth $31,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Home Depot during the second quarter worth $32,000. Institutional investors own 70.86% of the company’s stock.

About Home Depot

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.