Aviso Financial Inc. Grows Stake in The Home Depot, Inc. $HD

Aviso Financial Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,635 shares of the home improvement retailer’s stock after purchasing an additional 351 shares during the quarter. Aviso Financial Inc.’s holdings in Home Depot were worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Mainstay Capital Management LLC ADV purchased a new stake in Home Depot during the 2nd quarter valued at $263,000. WealthPlan Investment Management LLC purchased a new position in shares of Home Depot in the 2nd quarter worth $1,149,000. Tower View Wealth Management LLC grew its holdings in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after acquiring an additional 671 shares during the period. Ransom Advisory Ltd purchased a new stake in Home Depot during the first quarter valued at $3,851,000. Finally, Shell Asset Management Co. lifted its holdings in Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after acquiring an additional 15,002 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Oppenheimer boosted their price target on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Telsey Advisory Group dropped their price objective on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Home Depot in a research report on Wednesday, November 19th. KGI Securities cut shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a report on Wednesday, November 19th. Finally, Gordon Haskett decreased their price target on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $409.72.

Insider Activity

In other news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

Home Depot Trading Down 1.9%

Shares of HD stock opened at $336.93 on Tuesday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock has a fifty day simple moving average of $383.62 and a two-hundred day simple moving average of $381.09. The firm has a market capitalization of $335.37 billion, a PE ratio of 22.89, a PEG ratio of 3.59 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) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same period last year, the company earned $3.78 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is 62.71%.

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.