United Advisor Group LLC Increases Stake in The Home Depot, Inc. (NYSE:HD)

United Advisor Group LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,933 shares of the home improvement retailer’s stock after purchasing an additional 337 shares during the quarter. United Advisor Group LLC’s holdings in Home Depot were worth $1,188,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HD. Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of Home Depot by 27.6% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock valued at $9,348,000 after acquiring an additional 5,879 shares during the period. Empirical Finance LLC lifted its position in shares of Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after buying an additional 1,195 shares during the last quarter. Pegasus Asset Management Inc. boosted its holdings in shares of Home Depot by 1.8% in the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after buying an additional 86 shares in the last quarter. Commonwealth Retirement Investments LLC grew its position in shares of Home Depot by 5.5% in the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after buying an additional 965 shares during the last quarter. Finally, Swedbank AB raised its stake in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after acquiring an additional 132,967 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $395.57 on Tuesday. The firm has a 50 day simple moving average of $392.94 and a 200-day simple moving average of $362.47. The stock has a market cap of $392.92 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the previous year, the business earned $4.65 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.57%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Truist Financial upped their target price on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. Finally, Royal Bank of Canada cut their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $413.48.

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.