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

Key Points

• United Bank increased its stake in The Home Depot, Inc. by 14.9% during the first quarter, bringing its holdings to 5,023 shares valued at approximately $1.84 million.
• Home Depot's latest earnings report revealed a miss in EPS estimates, with $4.68 reported against the consensus of $4.69, although revenue increased by 4.9% year-over-year.
• A significant portion of Home Depot's stock, approximately 70.86%, is held by institutional investors and hedge funds, indicating strong institutional interest in the company.

United Bank raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,023 shares of the home improvement retailer's stock after buying an additional 653 shares during the quarter. United Bank's holdings in Home Depot were worth $1,841,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HD. Brighton Jones LLC lifted its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after buying an additional 565 shares during the last quarter. Harvest Investment Services LLC lifted its holdings in shares of Home Depot by 84.0% during the fourth quarter. Harvest Investment Services LLC now owns 1,038 shares of the home improvement retailer's stock worth $404,000 after buying an additional 474 shares during the last quarter. MGO One Seven LLC lifted its holdings in shares of Home Depot by 13.8% during the fourth quarter. MGO One Seven LLC now owns 25,894 shares of the home improvement retailer's stock worth $10,073,000 after buying an additional 3,147 shares during the last quarter. Finally, Syon Capital LLC lifted its holdings in shares of Home Depot by 2.0% during the fourth quarter. Syon Capital LLC now owns 7,121 shares of the home improvement retailer's stock worth $2,770,000 after buying an additional 143 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of HD stock opened at $402.0330 on Thursday. The stock's fifty day moving average is $372.65 and its 200-day moving average is $371.64. 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 stock has a market capitalization 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.

Home Depot (NYSE:HD - Get Free Report) last announced 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). The business had revenue of $45.28 billion for 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%.Home Depot's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday. Royal Bank Of Canada lowered their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Jefferies Financial Group lowered their price objective on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday. Finally, Evercore ISI set a $400.00 price objective on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. 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's stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $432.52.

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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