ATLANTA—Teresa Wynn Roseborough, Executive Vice President, General Counsel & Corporate Secretary at Home Depot , Inc. (NYSE:HD), recently reported significant transactions involving the company's stock. According to a filing with the Securities and Exchange Commission dated November 14, 2024, Roseborough sold shares valued at approximately $9.03 million. The shares were sold at prices ranging from $408.32 to $410.08 per share.
In addition to the sales, Roseborough executed several stock option exercises. These exercises resulted in the acquisition of shares with a total value of approximately $4.63 million, with prices per share ranging from $181.76 to $317.05. Following these transactions, Roseborough holds a direct ownership stake of 20,403.9593 shares in Home Depot.
This activity reflects ongoing changes in executive stock holdings at Home Depot, providing investors with insights into insider transactions.
In other recent news, Home Depot reported a 6.6% increase in total sales during its third-quarter earnings announcement, reaching $40.2 billion. Despite this growth, there was a 1.3% decline in comparable sales and a decrease in adjusted diluted earnings per share to $3.78. Major financial firms including Evercore ISI, Mizuho (NYSE:MFG) Securities, and Loop Capital have revised their price targets for Home Depot to $430, $440, and $465 respectively, maintaining a positive outlook on the company.
These adjustments were influenced by recent strategic initiatives such as the acquisition of Strategic Retail Solutions (SRS) and other market developments. Home Depot's focus on the professional market segment, including investments in technology and service, has been identified as a key factor in its continued market share gains. The company also plans to open approximately 12 new stores and maintain a gross margin of about 33.5% despite potential challenges from high interest rates and a low housing turnover rate.
In addition to these strategic moves, Home Depot recently declared a third-quarter cash dividend of $2.25 per share, marking the 151st consecutive quarter of distributing a cash dividend to its shareholders. These recent developments highlight Home Depot's ongoing efforts to provide value to its shareholders and adapt to the evolving market conditions.
InvestingPro Insights
Teresa Wynn Roseborough's recent stock transactions at Home Depot offer a glimpse into insider activity, but a broader look at the company's financial health and market position provides valuable context for investors.
According to InvestingPro data, Home Depot boasts a substantial market capitalization of $405.63 billion, underlining its position as a major player in the retail sector. This aligns with an InvestingPro Tip noting that Home Depot is a "prominent player in the Specialty Retail industry."
The company's financial strength is further evidenced by its dividend policy. An InvestingPro Tip highlights that Home Depot "has raised its dividend for 14 consecutive years" and "has maintained dividend payments for 38 consecutive years." This consistent dividend growth, coupled with a current dividend yield of 2.22%, may be attractive to income-focused investors.
Home Depot's stock performance has been robust, with a one-year price total return of 35.06% as of the latest data. The stock is currently trading at 96.83% of its 52-week high, which corresponds to another InvestingPro Tip stating that it is "trading near 52-week high."
For those interested in a deeper analysis, InvestingPro offers 11 additional tips on Home Depot, providing a more comprehensive view of the company's financial health and market position.
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