The Home Depot, Inc. (NYSE:HD) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,504 shares of the home improvement retailer's stock after purchasing an additional 3,452 shares during the period. Avantax Advisory Services Inc.'s holdings in Home Depot were worth $37,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Services Inc. LA ADV lifted its holdings in Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after buying an additional 18,956,701 shares during the last quarter. Norges Bank purchased a new stake in Home Depot during the 4th quarter worth about $5,032,910,000. GAMMA Investing LLC lifted its holdings in Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after buying an additional 10,210,851 shares during the last quarter. Northern Trust Corp lifted its holdings in Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after buying an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Home Depot during the 4th quarter worth about $471,189,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

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

Analysts Set New Price Targets

A number of research firms have recently commented on HD. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Truist Financial lifted their target price on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Performance

NYSE HD traded up $2.08 on Friday, hitting $375.17. 2,220,183 shares of the company's stock were exchanged, compared to its average volume of 3,349,543. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm's 50-day moving average price is $365.59 and its two-hundred day moving average price is $373.93. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market cap of $373.27 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 3.55 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released 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 business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.63 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.45%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

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.