Union Bancaire Privee UBP SA Reduces Stake in The Home Depot, Inc. $HD

Union Bancaire Privee UBP SA trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 68,489 shares of the home improvement retailer’s stock after selling 2,543 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Home Depot were worth $29,148,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mirador Capital Partners LP grew its stake in Home Depot by 8.5% in the 3rd quarter. Mirador Capital Partners LP now owns 1,287 shares of the home improvement retailer’s stock valued at $521,000 after acquiring an additional 101 shares during the last quarter. Destiny Wealth Partners LLC raised its position in Home Depot by 30.7% during the third quarter. Destiny Wealth Partners LLC now owns 1,550 shares of the home improvement retailer’s stock worth $628,000 after acquiring an additional 364 shares during the last quarter. ARS Wealth Advisors Group LLC raised its position in Home Depot by 0.7% during the third quarter. ARS Wealth Advisors Group LLC now owns 32,215 shares of the home improvement retailer’s stock worth $13,053,000 after acquiring an additional 213 shares during the last quarter. JBGlobal.com LLC purchased a new stake in shares of Home Depot in the third quarter valued at about $203,000. Finally, Exeter Financial LLC grew its position in shares of Home Depot by 25.0% in the third quarter. Exeter Financial LLC now owns 864 shares of the home improvement retailer’s stock valued at $350,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several research reports. DZ Bank restated a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. HSBC dropped their price target on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Wall Street Zen lowered Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Bank of America dropped their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Finally, KGI Securities lowered shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price on the stock. in a report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.07.

Home Depot Stock Performance

NYSE HD opened at $356.65 on Thursday. The business’s 50-day moving average price is $366.47 and its 200 day moving average price is $379.04. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a market capitalization of $355.04 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 13.14 and a beta of 1.06.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio is 62.71%.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

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.