Rep. Lloyd Doggett Buys The Home Depot, Inc. (NYSE:HD) Shares

Representative Lloyd Doggett (D-Texas) recently bought shares of The Home Depot, Inc. NYSE: HD. In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Home Depot stock on March 27th.

Representative Lloyd Doggett also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 3/12/2025.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 2/18/2025.

Home Depot Price Performance

Shares of HD traded down $0.00 during midday trading on Friday, hitting $353.62. 3,574,295 shares of the company traded hands, compared to its average volume of 3,489,907. The stock has a market cap of $351.51 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.03 and a beta of 1.09. The firm has a 50 day moving average of $375.29 and a 200-day moving average of $395.97. 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 Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same period in the prior year, the company earned $2.82 earnings per share. The firm's revenue was up 14.1% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.60%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is presently 61.66%.

Institutional Investors Weigh In On Home Depot

Several hedge funds have recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the fourth quarter valued at approximately $28,000. Navigoe LLC bought a new position in Home Depot in the fourth quarter worth approximately $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter worth $32,000. Finally, Quarry LP boosted its position in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Gordon Haskett lowered shares of Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Piper Sandler reduced their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Robert W. Baird lowered their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Truist Financial dropped their price target on Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $434.08.

About Representative Doggett

Lloyd Doggett (Democratic Party) is a member of the U.S. House, representing Texas' 37th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Doggett (Democratic Party) is running for re-election to the U.S. House to represent Texas' 37th Congressional District. He declared candidacy for the 2026 election. Lloyd Doggett was born in Austin, Texas. Doggett graduated from Austin High School in 1964. He earned a B.A. from the University of Texas at Austin in 1967 and a J.D. from the University of Texas in 1970. Doggett's career experience includes working as an adjunct professor with the University of Texas School of Law. In the 116th Congress, Doggett served on the House Ways & Means Committee, and he co-founded the House Prescription Drug Taskforce.

Home Depot Company Profile

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.