EP Wealth Advisors LLC Acquires 7,631 Shares of The Home Depot, Inc. $HD

Key Points

• EP Wealth Advisors LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 10.2%, owning 82,166 shares valued at approximately $30.1 million as of the end of the last quarter.
• In Q2, Home Depot reported earnings of $4.68 per share, slightly missing analyst expectations, with revenues of $45.28 billion. The company also saw a year-over-year revenue increase of 4.9%.
• The home improvement retailer recently announced a quarterly dividend of $2.30, with a dividend yield of 2.3%, to be paid to shareholders on September 18th.

EP Wealth Advisors LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,166 shares of the home improvement retailer's stock after buying an additional 7,631 shares during the quarter. EP Wealth Advisors LLC's holdings in Home Depot were worth $30,113,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in Home Depot in the first quarter valued at about $406,000. Wealth Management Partners LLC increased its stake in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after buying an additional 36 shares during the period. Arbor Capital Management Inc. ADV raised its holdings in Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after buying an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC raised its holdings in Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after buying an additional 239 shares during the last quarter. Finally, Tabor Asset Management LP acquired a new stake in Home Depot during the 1st quarter worth approximately $5,886,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. DA Davidson reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Morgan Stanley lifted their target price on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Finally, Truist Financial increased their price target on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. One equities 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. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $432.52.

Insider Transactions at Home Depot

In other news, EVP William D. Bastek sold 3,783 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is owned by insiders.

Home Depot Trading Up 1.7%

NYSE HD traded up $7.01 during trading hours on Friday, hitting $418.70. 5,854,063 shares of the company's stock were exchanged, compared to its average volume of 3,533,561. The firm has a market cap of $416.77 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.90 and a beta of 1.00. The stock has a 50-day simple moving average of $385.21 and a 200 day simple moving average of $371.46. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion for 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%.Home Depot's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Home Depot Company Profile

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.