Planning Alternatives Ltd. ADV Purchases Shares of 1,067 The Home Depot, Inc. (NYSE:HD)

Key Points

• Planning Alternatives Ltd. ADV has acquired a new stake in The Home Depot, buying 1,067 shares valued at around $391,000 during the 1st quarter.
• Several institutional investors have recently modified their stakes in Home Depot, contributing to an overall institutional ownership of 70.86% in the company.
• A number of analysts have set new price targets for Home Depot, with the average target currently at $426.77, reflecting a consensus rating of "Moderate Buy."

Planning Alternatives Ltd. ADV purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,067 shares of the home improvement retailer's stock, valued at approximately $391,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PrairieView Partners LLC increased its position in shares of Home Depot by 3.6% during the first quarter. PrairieView Partners LLC now owns 1,453 shares of the home improvement retailer's stock valued at $532,000 after acquiring an additional 51 shares in the last quarter. Legacy Capital Group California Inc. increased its position in shares of Home Depot by 7.2% during the first quarter. Legacy Capital Group California Inc. now owns 924 shares of the home improvement retailer's stock valued at $339,000 after acquiring an additional 62 shares in the last quarter. Intrust Bank NA increased its position in shares of Home Depot by 2.0% during the first quarter. Intrust Bank NA now owns 11,304 shares of the home improvement retailer's stock valued at $4,143,000 after acquiring an additional 220 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in Home Depot by 99.9% in the first quarter. Wealthspire Advisors LLC now owns 47,400 shares of the home improvement retailer's stock worth $17,372,000 after purchasing an additional 23,683 shares during the last quarter. Finally, Investment Counsel Co. of Nevada purchased a new stake in Home Depot in the first quarter worth approximately $667,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD stock traded up $1.60 on Friday, hitting $387.77. 2,326,668 shares of the stock traded hands, compared to its average volume of 3,127,176. The firm has a market cap of $385.80 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.67 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 firm has a 50 day simple moving average of $367.64 and a two-hundred day simple moving average of $372.52. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion for 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 firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.63 earnings per share. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HD shares. Royal Bank Of Canada dropped their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Truist Financial raised their target price on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. DA Davidson dropped their target price on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Finally, Guggenheim restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot 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.