Itau Unibanco Holding S.A. Makes New Investment in The Home Depot, Inc. $HD

Key Points

• Itau Unibanco Holding S.A. acquired a new position in The Home Depot, purchasing 7,306 shares valued at approximately $2.68 million during the first quarter.
• Home Depot recently reported quarterly earnings of $4.68 per share, missing the consensus estimate of $4.69, with revenue of $45.28 billion for the quarter, below analysts' expectations.
• The company announced a quarterly dividend of $2.30 per share, reflecting a 2.3% yield, with a payout ratio of 62.50%.

Itau Unibanco Holding S.A. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 7,306 shares of the home improvement retailer's stock, valued at approximately $2,678,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot during the first quarter worth about $406,000. Wealth Management Partners LLC grew its position in shares of Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV increased its holdings in shares of 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 acquiring an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its holdings in Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after purchasing an additional 239 shares during the period. Finally, Tabor Asset Management LP bought a new stake in Home Depot during the first quarter valued at $5,886,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot 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 of the company's stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,532 shares of company stock worth $18,648,987 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of NYSE HD traded down $0.41 during midday trading on Friday, reaching $407.04. 2,210,294 shares of the company traded hands, compared to its average volume of 3,613,161. 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 moving average price of $380.40 and a 200 day moving average price of $371.14. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market cap of $405.16 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 3.86 and a beta of 1.00.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HD. Mizuho raised their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Jefferies Financial Group cut their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Guggenheim reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Finally, Stifel Nicolaus raised their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $432.52.

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.