Home Depot (NYSE:HD) Stock Price Down 1.7% – Time to Sell?

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

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. Stifel Nicolaus increased their price target on Home Depot from $320.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, August 17th. Wells Fargo & Company upped their target price on Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Guggenheim reaffirmed a “buy” rating and set a $425.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Royal Bank Of Canada reduced their price target on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. Finally, Argus restated a “buy” rating and set a $400.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $375.18.

Home Depot Stock Down 1.7%

The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $304.82 billion, a PE ratio of 21.38, a P/E/G ratio of 3.40 and a beta of 0.95. The stock has a 50-day moving average of $334.35 and a 200 day moving average of $333.08.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 earnings per share. The business’s 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. Sell-side analysts anticipate that The Home Depot, Inc. will post 15 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. Shareholders of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Insider Transactions at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value 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. The trade was a 7.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Home Depot

A number of institutional investors and hedge funds have recently made changes to their positions in HD. Bank of Nova Scotia bought a new stake in Home Depot in the 2nd quarter worth approximately $118,723,000. Gator Capital Management LLC bought a new stake in Home Depot in the 4th quarter worth $3,693,000. AFT Forsyth & Company Inc. purchased a new position in Home Depot during the 2nd quarter valued at about $1,896,000. Field & Main Bank purchased a new stake in Home Depot in the second quarter worth $6,286,000. Finally, King Luther Capital Management Corp raised its holdings in Home Depot by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after purchasing an additional 7,180 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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.