Avantax Planning Partners Inc. Raises Stake in The Home Depot, Inc. (NYSE:HD)

Avantax Planning Partners Inc. boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 27,696 shares of the home improvement retailer's stock after purchasing an additional 919 shares during the period. Avantax Planning Partners Inc.'s holdings in Home Depot were worth $10,150,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HD. Navigoe LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $29,000. Quarry LP lifted its stake in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares in the last quarter. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $39,000. NewSquare Capital LLC lifted its stake in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after buying an additional 68 shares in the last quarter. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $45,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. Morgan Stanley restated an "overweight" rating and set a $415.00 price target (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Robert W. Baird lowered their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Trading Down 0.1%

Home Depot stock traded down $0.49 during trading hours on Friday, reaching $371.36. The stock had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,130. The stock has a market cap of $369.47 billion, a PE ratio of 25.19, a PEG ratio of 3.53 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. 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 company has a fifty day simple moving average of $365.14 and a 200-day simple moving average of $376.33.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 242.51% and a net margin of 8.98%. Home Depot's revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $3.63 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Insider Transactions at Home Depot

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

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.