Avantax Planning Partners Inc. Decreases Stock Holdings in The Home Depot, Inc. $HD

Avantax Planning Partners Inc. lowered its stake in The Home Depot, Inc. (NYSE:HD) by 7.5% during the first quarter, Holdings Channel.com reports. The fund owned 28,833 shares of the home improvement retailer’s stock after selling 2,332 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Home Depot were worth $9,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advocate Investing Services LLC purchased a new position in Home Depot during the fourth quarter valued at $25,000. Parvin Asset Management LLC increased its stake in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth about $27,000. Key Capital Management INC acquired a new position in shares of Home Depot during the 4th quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Home Depot during the 1st quarter worth about $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.8%

Shares of NYSE:HD opened at $337.26 on Tuesday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock has a market cap of $336.28 billion, a P/E ratio of 23.95, a PEG ratio of 3.96 and a beta of 0.95. The business has a fifty day moving average of $325.21 and a two-hundred day moving average of $345.40. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s payout ratio is 66.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HD shares. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Piper Sandler reduced their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. reduced their target price on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Wells Fargo & Company decreased their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Evercore lowered their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.