Argentarii LLC Purchases 734 Shares of The Home Depot, Inc. $HD

Key Points

• Argentarii LLC increased its holdings in The Home Depot by 10.6%, acquiring an additional 734 shares, bringing their total to 7,641 shares worth approximately $2.8 million.
• The Home Depot reported earnings per share of $4.68 for the recent quarter, slightly missing analysts' estimates, while yearly revenue grew by 4.9%.
• Analysts maintain a consensus rating of "Moderate Buy" for Home Depot, with an average price target of $435.60, reflecting optimism on the stock's potential growth.

Argentarii LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,641 shares of the home improvement retailer's stock after acquiring an additional 734 shares during the quarter. Home Depot makes up approximately 1.3% of Argentarii LLC's holdings, making the stock its 22nd largest position. Argentarii LLC's holdings in Home Depot were worth $2,802,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HD. Abound Financial LLC bought a new stake in Home Depot during the 1st quarter valued at approximately $31,000. Iron Horse Wealth Management LLC boosted its position in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $40,000. Compass Financial Services Inc bought a new stake in shares of Home Depot in the 1st quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $41,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. DA Davidson reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Wells Fargo & Company boosted their price target on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Mizuho boosted their price target on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average target price of $435.60.

Home Depot Price Performance

Shares of NYSE HD opened at $412.86 on Tuesday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market cap of $410.96 billion, a P/E ratio of 28.05, a PEG ratio of 3.94 and a beta of 1.00. The company has a 50 day moving average of $395.79 and a 200 day moving average of $373.58. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot's payout ratio is currently 62.50%.

Insider Buying and Selling at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by corporate insiders.

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.

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