Home Depot (NYSE:HD) Stock Acquired Rep. James Comer

Representative James Comer (R-Kentucky) recently bought shares of The Home Depot, Inc. NYSE: HD. In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Home Depot stock on January 2nd.

Representative James Comer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Dover NYSE: DOV on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amphenol NYSE: APH on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/2/2025.

Home Depot Trading Up 2.7 %

HD traded up $10.77 on Wednesday, hitting $403.55. 2,454,318 shares of the company were exchanged, compared to its average volume of 3,071,178. 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 firm has a fifty day simple moving average of $405.88 and a two-hundred day simple moving average of $386.65. The stock has a market capitalization of $400.87 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. During the same quarter last year, the business earned $3.81 earnings per share. The business's revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.23%. The ex-dividend date was Wednesday, November 27th. Home Depot's dividend payout ratio is presently 61.14%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HD. Fairway Wealth LLC purchased a new position in Home Depot in the 2nd quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the third quarter valued at approximately $41,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the third quarter valued at approximately $46,000. Strategic Investment Solutions Inc. IL bought a new position in Home Depot during the second quarter valued at approximately $47,000. Finally, Quarry LP boosted its holdings in Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Oppenheimer increased their price objective on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a report on Tuesday, September 24th. DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Mizuho upped their target price on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $426.00.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company's stock.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer "instrumental in the final passage of a five-year farm bill," noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.