The Home Depot, Inc. $HD Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA reduced its stake in The Home Depot, Inc. (NYSE:HD) by 39.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,199 shares of the home improvement retailer’s stock after selling 46,504 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Home Depot were worth $22,530,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HD. Advocate Investing Services LLC purchased a new position in Home Depot during the 4th quarter worth $25,000. Parvin Asset Management LLC boosted its holdings in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Cache Advisors LLC acquired a new position in shares of Home Depot during the first quarter worth about $27,000. Key Capital Management INC acquired a new position in shares of Home Depot during the fourth quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Home Depot during the first quarter worth about $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Gordon Haskett raised their price objective on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Wells Fargo & Company cut their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Argus reduced their price target on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Truist Financial decreased their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Finally, Evercore dropped their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Price Performance

Shares of NYSE:HD opened at $348.60 on Monday. The business’s fifty day moving average price is $322.98 and its two-hundred day moving average price is $345.75. The stock has a market cap of $347.60 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 4.03 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the previous year, the firm posted $3.56 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s payout ratio is presently 66.19%.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.