Asset Planning Services Inc. LA ADV Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Asset Planning Services Inc. LA ADV boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 99,400.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,975,772 shares of the home improvement retailer's stock after purchasing an additional 18,956,701 shares during the quarter. Home Depot comprises 88.1% of Asset Planning Services Inc. LA ADV's holdings, making the stock its largest holding. Asset Planning Services Inc. LA ADV owned 1.91% of Home Depot worth $6,954,431,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Navigoe LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $32,000. Quarry LP grew its stake in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares during the period. Sellwood Investment Partners LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $39,000. Finally, NewSquare Capital LLC grew its stake in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after acquiring an additional 68 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

HD stock traded up $4.86 during midday trading on Friday, hitting $368.36. The company's stock had a trading volume of 5,502,278 shares, compared to its average volume of 3,419,944. The stock's 50-day moving average price is $363.55 and its 200 day moving average price is $377.53. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock has a market cap of $366.49 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.51 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.63 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot's payout ratio is presently 62.42%.

Insider Buying and Selling at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HD. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Truist Financial raised their price objective on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Guggenheim reaffirmed a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Friday, June 20th. Finally, Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $426.77.

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.