Rep. Richard McCormick Purchases Shares of The Home Depot, Inc. (NYSE:HD)

Representative Richard McCormick (Republican-Georgia) 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 19th. The trade occurred in the Representative’s “GROWTH PARTNERS IRA” account.

Representative Richard McCormick also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 3/19/2026.

Home Depot Stock Performance

Shares of NYSE:HD traded up $3.41 during mid-day trading on Thursday, reaching $339.57. The company had a trading volume of 2,989,366 shares, compared to its average volume of 4,256,573. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The firm has a market cap of $338.22 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 3.51 and a beta of 1.09. The company’s 50-day moving average price is $357.82 and its 200-day moving average price is $365.74. The Home Depot, Inc. has a one year low of $315.31 and a one year high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period last year, the firm earned $3.13 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, equities research analysts anticipate 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 26th. Stockholders of record on Thursday, March 12th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Macro catalyst — reports that President Trump announced a two-week suspension of attacks on Iran and the resulting sharp drop in crude oil helped lift consumer stocks, boosting Home Depot along with peers. RH and Home Depot Shares Are Soaring, What You Need To Know
• Positive Sentiment: Shares reacted positively to the oil-driven market rally that pushed broader indexes sharply higher, a short-term tailwind for HD’s consumer-exposed revenue. Home Depot Shares Gain As Oil Crash Lifts Consumer Stocks
• Positive Sentiment: Analyst positioning — brokerages collectively give HD a consensus “Moderate Buy,” which supports demand for the stock and may help limit sell-offs. The Home Depot, Inc. (NYSE:HD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages
• Positive Sentiment: Incremental visible earnings support — Erste Group nudged up its FY2028 EPS estimate for Home Depot, reinforcing the view that underlying profitability assumptions remain intact. MarketBeat: Erste Group raises FY2028 EPS for HD
• Neutral Sentiment: Valuation debate — commentary questioning whether HD is “too late to buy” notes mixed intermediate returns; this fuels debate between value/entry-horizon investors rather than prompting immediate directional moves. Is It Too Late To Consider Home Depot (HD) After Recent Share Price Strength?
• Neutral Sentiment: “Oversold” / rebound narratives — some outlets argue HD is oversold and near a support zone, which can attract buyers but also reflects caution about near-term demand. Oversold Home Depot stock not likely to fall much further
• Neutral Sentiment: Inclusion in “discounted stocks” lists can attract bargain hunters, but these stories typically reflect longer-term thematic ideas rather than immediate catalysts. 3 Discounted Stocks With Strong Rebound Potential
• Negative Sentiment: Operating concerns — Zacks highlighted HD hitting a 52-week low and noted weaker big-ticket demand and margin pressures from investments, which pose near-term downside risks if demand softens further. Home Depot Hits 52-Week Low: Time to Buy Now or Stay Cautious?
• Negative Sentiment: Technical/market-headwind notes — broader coverage pointing out YTD and 1-year weakness for HD can keep some investors on the sidelines until clearer demand or margin improvement appears. The Dow Tests a Key Technical Threshold. Watching Apple, Home Depot Stocks.

Hedge Funds Weigh In On Home Depot

Large investors have recently added to or reduced their stakes in the business. Parvin Asset Management LLC raised its position in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Advocate Investing Services LLC purchased a new position in Home Depot in the 4th quarter worth $25,000. Financially Speaking Inc purchased a new position in Home Depot in the 3rd quarter worth $31,000. Sagard Holdings Management Inc. purchased a new position in Home Depot in the 2nd quarter worth $29,000. Finally, Key Capital Management INC purchased a new position in Home Depot in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Morgan Stanley raised their price target on shares of Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Truist Financial set a $424.00 price target on shares of Home Depot in a report on Tuesday, February 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price target on shares of Home Depot in a report on Wednesday, March 25th. Finally, Royal Bank Of Canada raised their price target on shares of Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $414.17.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.