Home Depot (NYSE:HD) Stock Price Down 1.7% – Here’s What Happened

The Home Depot, Inc. (NYSE:HD)’s share price fell 1.7% during mid-day trading on Tuesday . The company traded as low as $304.32 and last traded at $305.5240. Approximately 4,464,682 shares were traded during trading, an increase of 3% from the average daily volume of 4,331,235 shares. The stock had previously closed at $310.87.

Analyst Ratings Changes

A number of brokerages recently weighed in on HD. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. UBS Group reissued a “buy” rating on shares of Home Depot in a research report on Thursday. Guggenheim restated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Piper Sandler lowered their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Telsey Advisory Group cut their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.18.

Home Depot Stock Performance

The stock has a market cap of $302.32 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 3.36 and a beta of 0.95. The firm’s 50-day moving average is $332.88 and its two-hundred day moving average is $332.08. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last posted 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 firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the business posted $4.68 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Insider Activity

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares of the company’s stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kimberly Scardino sold 675 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the sale, the chief accounting officer owned 8,189 shares of the company’s stock, valued at $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock worth $3,339,314 in the last 90 days. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Several large investors have recently bought and sold shares of HD. Bullseye Investment Management LLC acquired a new position in Home Depot in the 2nd quarter valued at approximately $78,000. Marathon Wealth Advisors LLC grew its holdings in shares of Home Depot by 1.6% in the 2nd quarter. Marathon Wealth Advisors LLC now owns 7,545 shares of the home improvement retailer’s stock worth $2,661,000 after purchasing an additional 119 shares during the last quarter. U S Wealth Group LLC. raised its stake in shares of Home Depot by 50.0% in the second quarter. U S Wealth Group LLC. now owns 9,576 shares of the home improvement retailer’s stock valued at $3,377,000 after acquiring an additional 3,193 shares during the last quarter. Bouchey Financial Group Ltd. boosted its stake in Home Depot by 19.0% in the second quarter. Bouchey Financial Group Ltd. now owns 3,432 shares of the home improvement retailer’s stock worth $1,210,000 after purchasing an additional 549 shares in the last quarter. Finally, Miramontes Capital LLC grew its holdings in Home Depot by 13.3% during the 2nd quarter. Miramontes Capital LLC now owns 4,153 shares of the home improvement retailer’s stock worth $1,465,000 after acquiring an additional 488 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.