Insider Selling: The Home Depot, Inc. (NYSE:HD) EVP Sells 16,004 Shares of Stock

The Home Depot, Inc. (NYSE:HD) EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Home Depot Stock Performance

Shares of Home Depot stock traded down $6.82 during trading on Wednesday, reaching $399.98. The company’s stock had a trading volume of 4,730,652 shares, compared to its average volume of 3,386,978. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The business’s fifty day moving average price is $401.13 and its 200-day moving average price is $367.78. The firm has a market cap of $397.30 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 earnings per share. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s payout ratio is currently 61.14%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. McIlrath & Eck LLC lifted its holdings in Home Depot by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer’s stock worth $1,089,000 after buying an additional 115 shares in the last quarter. Invst LLC lifted its stake in shares of Home Depot by 1.7% in the 3rd quarter. Invst LLC now owns 6,710 shares of the home improvement retailer’s stock valued at $2,719,000 after purchasing an additional 115 shares during the period. Unigestion Holding SA boosted its position in shares of Home Depot by 12.0% in the 3rd quarter. Unigestion Holding SA now owns 65,167 shares of the home improvement retailer’s stock worth $26,389,000 after purchasing an additional 6,995 shares during the last quarter. Second Line Capital LLC boosted its stake in Home Depot by 2.1% during the 3rd quarter. Second Line Capital LLC now owns 4,632 shares of the home improvement retailer’s stock worth $1,877,000 after acquiring an additional 97 shares during the last quarter. Finally, Hohimer Wealth Management LLC raised its stake in Home Depot by 16.6% during the 3rd quarter. Hohimer Wealth Management LLC now owns 900 shares of the home improvement retailer’s stock worth $365,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several recent research reports. Piper Sandler increased their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. UBS Group increased their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Mizuho raised their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus increased their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.