The Home Depot, Inc. $HD Stock: Avantax Planning Partners Inc. Grows Position

Key Points

• Avantax Planning Partners increased its Home Depot stake by 12.5% in the third quarter, adding 3,489 shares to hold 31,431 shares valued at about $8.94 million. Institutional investors and hedge funds own 70.86% of the stock.
• Home Depot beat quarterly earnings expectations, reporting $4.92 in EPS and $47.86 billion in revenue; revenue grew 5.7% year over year. The company’s FY 2026 EPS guidance is $14.69–$15.28.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $375.31. Home Depot also pays an annualized dividend of $9.32 per share, a yield of about 2.7%.

Avantax Planning Partners Inc. grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,431 shares of the home improvement retailer's stock after purchasing an additional 3,489 shares during the period. Avantax Planning Partners Inc.'s holdings in Home Depot were worth $8,942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Candriam S.C.A. raised its holdings in Home Depot by 12.1% in the third quarter. Candriam S.C.A. now owns 425,924 shares of the home improvement retailer's stock valued at $121,614,000 after buying an additional 46,098 shares during the period. American State Bank Iowa grew its stake in Home Depot by 8.8% during the third quarter. American State Bank Iowa now owns 2,305 shares of the home improvement retailer's stock worth $656,000 after buying an additional 186 shares during the period. Ethic Inc. grew its stake in Home Depot by 3.6% during the third quarter. Ethic Inc. now owns 111,015 shares of the home improvement retailer's stock worth $31,583,000 after buying an additional 3,854 shares during the period. StoneX Group Inc. grew its stake in Home Depot by 21.5% during the third quarter. StoneX Group Inc. now owns 21,304 shares of the home improvement retailer's stock worth $6,132,000 after buying an additional 3,769 shares during the period. Finally, Verus Capital Partners LLC acquired a new stake in shares of Home Depot in the third quarter worth $1,201,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 1.8%

HD opened at $343.48 on Friday. The firm has a market capitalization of $342.69 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.44 and a beta of 0.93. The firm's 50 day moving average is $309.42 and its 200-day moving average is $334.08. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot's payout ratio is currently 65.22%.

Insider Activity

In other Home Depot news, CFO Richard McPhail sold 5,989 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares of the company's stock, valued at $16,759,433.60. This represents a 11.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kimberly Scardino sold 675 shares of the firm's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the sale, the chief accounting officer owned 8,189 shares of the company's stock, valued at $2,505,424.55. This represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on HD. Wells Fargo & Company raised their target price on shares of Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Mizuho increased their price target on Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Stifel Nicolaus cut their price objective on Home Depot from $346.00 to $322.00 and set a "hold" rating on the stock in a research report on Monday, October 26th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Home Depot in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $375.31.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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