United Services Automobile Association Sells 179,246 Shares of The Home Depot, Inc. $HD

Key Points

• United Services Automobile Association has reduced its holdings in Home Depot by 88.7%, selling 179,246 shares, leaving them with 22,945 shares valued at $8.2 million.
• Home Depot reported a quarterly EPS of $4.68, missing the consensus estimate by $0.01, and its revenue rose 4.9% year-over-year to $45.28 billion.
• Home Depot has declared a quarterly dividend of $2.30 per share, yielding 2.2%, with the payout date set for September 18th.

United Services Automobile Association cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 88.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,945 shares of the home improvement retailer's stock after selling 179,246 shares during the quarter. United Services Automobile Association's holdings in Home Depot were worth $8,218,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HD. Strait & Sound Wealth Management LLC lifted its holdings in shares of Home Depot by 6.2% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 8,281 shares of the home improvement retailer's stock valued at $3,035,000 after buying an additional 487 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Home Depot during the 1st quarter valued at about $2,288,000. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Home Depot by 1.6% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 3,089 shares of the home improvement retailer's stock valued at $1,132,000 after buying an additional 50 shares during the last quarter. Hamilton Capital LLC lifted its holdings in shares of Home Depot by 15.4% during the 1st quarter. Hamilton Capital LLC now owns 2,605 shares of the home improvement retailer's stock valued at $955,000 after buying an additional 348 shares during the last quarter. Finally, Voleon Capital Management LP lifted its holdings in shares of Home Depot by 325.7% during the 1st quarter. Voleon Capital Management LP now owns 35,173 shares of the home improvement retailer's stock valued at $12,891,000 after buying an additional 26,910 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HD shares. Mizuho lifted their price target on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Stifel Nicolaus lifted their price target on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Robert W. Baird lifted their price target on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Jefferies Financial Group reduced their target price on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot Stock Performance

HD traded down $0.09 on Friday, hitting $423.33. The company had a trading volume of 5,003,133 shares, compared to its average volume of 3,571,611. 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's fifty day moving average price is $388.99 and its 200 day moving average price is $372.26. The stock has a market cap of $421.38 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 3.92 and a beta of 1.00. 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 issued its quarterly 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). The business had revenue of $45.28 billion during 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%.The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's payout ratio is currently 62.50%.

Insider Buying and Selling

In other Home Depot news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by company insiders.

About Home Depot

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.