United Bank Has $1.84 Million Stake in The Home Depot, Inc. $HD

United Bank raised its stake in The Home Depot, Inc. (NYSE:HD) by 14.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,023 shares of the home improvement retailer’s stock after buying an additional 653 shares during the period. United Bank’s holdings in Home Depot were worth $1,841,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Navigoe LLC acquired a new position in Home Depot in the fourth quarter valued at about $29,000. Abound Financial LLC acquired a new position in Home Depot in the first quarter valued at about $31,000. Quarry LP lifted its stake in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 66 shares during the period. Iron Horse Wealth Management LLC lifted its stake in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 46 shares during the period. Finally, Quest 10 Wealth Builders Inc. lifted its stake in Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.3%

NYSE:HD opened at $402.0330 on Thursday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.28 and a current ratio of 1.15. The company has a market cap of $399.99 billion, a PE ratio of 27.31, a PEG ratio of 3.87 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a 50-day simple moving average of $372.65 and a 200 day simple moving average of $371.64.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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 company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Truist Financial raised their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. TD Securities lowered Home Depot to a “buy” rating in a research report on Monday, June 2nd. Jefferies Financial Group dropped their price target on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Finally, Evercore ISI set a $400.00 price target on Home Depot and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. One research 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.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $432.52.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% 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 link. 0.10% of the stock is currently owned by corporate insiders.

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.