Arista Wealth Management LLC Takes $2.41 Million Position in The Home Depot, Inc. $HD

Key Points

• Arista Wealth Management LLC has acquired a new stake in The Home Depot, Inc., purchasing 6,575 shares valued at approximately $2.41 million in the second quarter.
• Recent insider transactions include CFO Richard V. Mcphail selling 3,369 shares for $1.36 million, representing a 6.90% decrease in their ownership.
• Home Depot's latest financial results showed an EPS of $4.68, missing expectations by $0.01, with quarterly revenue of $45.28 billion.

Arista Wealth Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,575 shares of the home improvement retailer's stock, valued at approximately $2,411,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Brighton Jones LLC increased its stake in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares during the period. GAMMA Investing LLC increased its stake in shares of Home Depot by 7.2% in the first quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer's stock valued at $10,237,000 after buying an additional 1,880 shares during the period. Exchange Traded Concepts LLC grew its stake in Home Depot by 57.0% during the first quarter. Exchange Traded Concepts LLC now owns 1,311 shares of the home improvement retailer's stock worth $480,000 after purchasing an additional 476 shares during the period. Centennial Wealth Advisory LLC grew its stake in Home Depot by 6.1% during the first quarter. Centennial Wealth Advisory LLC now owns 612 shares of the home improvement retailer's stock worth $224,000 after purchasing an additional 35 shares during the period. Finally, Harrell Investment Partners LLC grew its stake in Home Depot by 0.9% during the first quarter. Harrell Investment Partners LLC now owns 20,803 shares of the home improvement retailer's stock worth $7,624,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This represents a 13.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Down 0.2%

Shares of NYSE:HD opened at $387.40 on Friday. The business's 50 day simple moving average is $403.62 and its two-hundred day simple moving average is $377.73. The firm has a market cap of $385.61 billion, a P/E ratio of 26.32, a PEG ratio of 3.68 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot's dividend payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HD shares. Wolfe Research started coverage on Home Depot in a research note on Thursday, September 18th. They set an "outperform" rating and a $497.00 target price for the company. Robert W. Baird raised their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Oppenheimer raised their target price on Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research note on Thursday, September 25th. Wells Fargo & Company raised their target price on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Finally, DA Davidson reaffirmed a "buy" rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $435.42.

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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