Avestar Capital LLC Purchases 1,785 Shares of The Home Depot, Inc. $HD

Avestar Capital LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 24.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,114 shares of the home improvement retailer’s stock after buying an additional 1,785 shares during the period. Avestar Capital LLC’s holdings in Home Depot were worth $3,342,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in Home Depot during the 2nd quarter worth approximately $28,000. LFA Lugano Financial Advisors SA acquired a new position in Home Depot in the second quarter worth $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the second quarter worth $35,000. Global X Japan Co. Ltd. acquired a new stake in shares of Home Depot in the second quarter valued at $40,000. Finally, GFG Capital LLC acquired a new stake in shares of Home Depot in the second quarter valued at $40,000. 70.86% of the stock is owned by institutional investors.

Insider Activity at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of HD stock opened at $354.65 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The stock has a market cap of $353.05 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 6.19 and a beta of 1.06. The stock has a 50-day moving average of $373.06 and a 200-day moving average of $379.77. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $436.36.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s payout ratio is 62.71%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Mizuho upped their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Daiwa Capital Markets reduced their target price on shares of Home Depot from $399.00 to $348.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Stifel Nicolaus lowered their price target on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a report on Monday, December 1st. Jefferies Financial Group reduced their price objective on Home Depot from $474.00 to $438.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Finally, Wolfe Research decreased their price objective on Home Depot from $497.00 to $423.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.50.

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.