EP Wealth Advisors LLC Purchases 6,853 Shares of The Home Depot, Inc. $HD

EP Wealth Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 89,019 shares of the home improvement retailer’s stock after purchasing an additional 6,853 shares during the period. EP Wealth Advisors LLC’s holdings in Home Depot were worth $32,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in Home Depot during the 2nd quarter valued at about $28,000. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot during the 2nd quarter worth $29,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the 2nd quarter worth $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the second quarter valued at about $35,000. Finally, Global X Japan Co. Ltd. purchased a new position in Home Depot in the second quarter valued at about $40,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

NYSE HD opened at $359.52 on Friday. The company has a market cap of $357.90 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 13.32 and a beta of 1.06. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The stock’s fifty day moving average price is $368.34 and its 200 day moving average price is $379.23. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. Home Depot’s payout ratio is presently 62.71%.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. TD Cowen reduced their target price on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. DA Davidson reduced their price objective on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a research note on Wednesday. Daiwa Capital Markets decreased their target price on shares of Home Depot from $399.00 to $348.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Argus lowered their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, Wolfe Research lowered their price objective on Home Depot from $423.00 to $414.00 and set an “outperform” rating for the company in a research report on Wednesday. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $401.17.

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.