Insider Selling: Home Depot (NYSE:HD) CAO Sells 675 Shares of Stock
by Danessa Lincoln · The Markets DailyThe Home Depot, Inc. (NYSE:HD – Get Free Report) CAO Kimberly Scardino sold 675 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was 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. This trade represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Home Depot Trading Up 1.0%
Shares of HD traded up $3.17 during mid-day trading on Friday, reaching $308.86. The company had a trading volume of 3,194,836 shares, compared to its average volume of 4,329,599. The stock has a market cap of $308.14 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 3.42 and a beta of 0.95. The firm has a fifty day simple moving average of $336.12 and a 200-day simple moving average of $334.07. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. 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:HD – Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current fiscal year.
Home Depot Announces Dividend
The company 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 yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s payout ratio is 65.22%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on HD shares. Royal Bank Of Canada reduced their price objective on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. Gordon Haskett increased their target price on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. TD Cowen restated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Stifel Nicolaus lifted their price target on shares of Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, August 17th. Finally, Guggenheim reiterated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned 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 a consensus price target of $375.18.
Institutional Investors Weigh In On Home Depot
Institutional investors and hedge funds have recently modified their holdings of the stock. Advocate Investing Services LLC acquired a new position in Home Depot during the 4th quarter worth approximately $25,000. Zeit Capital LLC purchased a new position in Home Depot in the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC grew its position in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Cache Advisors LLC acquired a new stake in Home Depot in the first quarter valued at approximately $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of Home Depot during the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Key Home Depot News
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot’s long-term growth case is supported by momentum among professional customers, expanding digital sales and faster fulfillment capabilities. These factors could help offset weakness in housing-related demand. Home Depot Drops 12.4% in a Month: Time to Buy or Stay Cautious?
- Positive Sentiment: The retailer is attempting to improve the shopping experience with a perk modeled after Costco’s membership approach. If successful, the initiative could support customer engagement and store traffic. Home Depot Tries to Copy Major Costco Perk
- Positive Sentiment: Home Depot continues to be viewed as a durable dividend-growth company, which may appeal to income-focused investors while the broader home-improvement cycle remains weak. Stocks That Keep Raising Their Dividend
- Neutral Sentiment: A quantitative signal has emerged that could interest contrarian options traders, but it does not establish a fundamental catalyst or guarantee a reversal in HD’s decline. Quant Signal for Contrarian Options Traders
- Negative Sentiment: The key concern is weakening customer traffic: recent results reportedly showed growth driven by larger baskets but fewer shopping visits. A prolonged housing-market freeze could pressure comparable sales and earnings. What Happens to Home Depot Stock If Shoppers Keep Visiting Less?
- Negative Sentiment: Analyst sentiment has weakened. Erste Group Bank trimmed its FY2028 EPS forecast to $16.02 from $16.05, while Sanford C. Bernstein issued a pessimistic stock-price outlook. The small estimate cut is not material by itself, but it reinforces broader caution around housing and costs. Sanford C. Bernstein Forecast for Home Depot
About Home Depot
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.
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