Avantax Planning Partners Inc. Raises Stock Position in The Home Depot, Inc. $HD

Avantax Planning Partners Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,435 shares of the home improvement retailer’s stock after acquiring an additional 1,304 shares during the period. Avantax Planning Partners Inc.’s holdings in Home Depot were worth $12,332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Sagard Holdings Management Inc. bought a new stake in Home Depot during the second quarter valued at $29,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot in the 2nd quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at about $35,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at about $38,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at about $38,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.7%

Shares of HD opened at $383.63 on Monday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The firm has a market cap of $381.91 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 14.30 and a beta of 1.08. The firm has a 50 day moving average price of $356.03 and a 200-day moving average price of $378.58. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

Home Depot (NYSE:HD) last issued its earnings results 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 business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,963 shares of company stock worth $1,748,845 in the last ninety days. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HD shares. The Goldman Sachs Group restated a “buy” rating and issued a $413.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Truist Financial set a $405.00 price target on shares of Home Depot in a research note on Friday, January 16th. Guggenheim lowered their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Argus dropped their price objective on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Daiwa Capital Markets upped their target price on shares of Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $404.50.

About Home Depot

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.