GC Wealth Management RIA LLC Buys 12,879 Shares of The Home Depot, Inc. $HD

Key Points

• GC Wealth Management RIA LLC has increased its stake in The Home Depot, Inc. by 522.3%, purchasing an additional 12,879 shares, bringing its total holdings to 15,345 shares valued at approximately $5.63 million.
• Insider trading was notable with CFO Richard V. Mcphail and EVP Teresa Wynn Roseborough selling 3,369 and 5,483 shares, respectively, indicating a reduction in their positions.
• The Home Depot reported a 4.68 EPS for the last quarter, slightly missing analysts' expectations, with a revenue of $45.28 billion, reflecting a 4.9% year-over-year increase.

GC Wealth Management RIA LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 522.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,345 shares of the home improvement retailer's stock after buying an additional 12,879 shares during the period. GC Wealth Management RIA LLC's holdings in Home Depot were worth $5,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the second quarter valued at approximately $28,000. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its stake in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in Home Depot during the 2nd quarter valued at $40,000. Finally, Compass Financial Services Inc purchased a new stake in Home Depot in the first quarter worth $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company's stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, 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 Performance

Shares of HD stock opened at $410.16 on Monday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company's 50 day moving average is $399.85 and its 200 day moving average is $374.87. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm has a market cap of $408.27 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.89 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the company posted $4.60 earnings per share. The business's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. 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 dividend payout ratio (DPR) is 62.50%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HD. JPMorgan Chase & Co. decreased their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. TD Securities downgraded shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Robert W. Baird boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Truist Financial upped their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. One 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 currently has an average rating of "Moderate Buy" and a consensus target price of $436.40.

Home Depot 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.

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