Home Depot (NYSE:HD) CFO Sells $2,086,567.60 in Stock

The Home Depot, Inc. (NYSE:HD) CFO Richard Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares of the company’s stock, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Home Depot Stock Performance

HD stock traded up $1.55 during midday trading on Friday, reaching $336.04. 3,316,758 shares of the company were exchanged, compared to its average volume of 4,394,873. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a market capitalization of $335.07 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 4.49 and a beta of 0.95. The business has a 50-day moving average price of $340.71 and a two-hundred day moving average price of $340.49. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the firm posted $4.68 EPS. Home Depot’s revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is presently 65.22%.

More Home Depot News

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

• Positive Sentiment: Home Depot declared a quarterly cash dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The dividend represents an annualized yield of approximately 2.8%, supporting the stock’s income appeal. The Home Depot Declares Quarterly Dividend of $2.33
• Positive Sentiment: Analyst sentiment remained broadly favorable: DA Davidson and Guggenheim awarded or reiterated “Buy” ratings, while Argus reaffirmed its Buy rating. These endorsements suggest analysts view Home Depot’s long-term prospects as attractive despite near-term housing pressure.
• Positive Sentiment: Home Depot’s latest quarterly results showed solid execution, with revenue of $47.86 billion and adjusted earnings of $4.92 per share exceeding consensus estimates. Revenue increased 5.7% year over year, providing a fundamental support for the shares.
• Positive Sentiment: The retailer expanded express delivery nationwide from local stores, a move that could make smaller projects more convenient and help capture spending from consumers who are postponing larger renovations. Home Depot offers nationwide express delivery from local stores

Institutional Investors Weigh In On Home Depot

A number of large investors have recently added to or reduced their stakes in HD. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% in 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 during the period. Zeit Capital LLC bought a new stake in Home Depot during the second quarter worth about $26,000. Advocate Investing Services LLC acquired a new stake in Home Depot during the fourth quarter worth about $25,000. Cache Advisors LLC acquired a new stake in Home Depot during the first quarter worth about $27,000. Finally, Imprint Wealth LLC acquired a new stake in Home Depot during the third quarter worth about $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Sanford C. Bernstein reissued a “market perform” rating and set a $354.00 price target on shares of Home Depot in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and set a $398.00 price objective on shares of Home Depot in a research report on Tuesday. Gordon Haskett lifted their target price on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Robert W. Baird reduced their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Mizuho upped their price target on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $375.54.

Home Depot Company Profile

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.