Avantax Planning Partners Inc. Has $10.42 Million Stake in The Home Depot, Inc. (NYSE:HD)

Avantax Planning Partners Inc. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,777 shares of the home improvement retailer’s stock after purchasing an additional 853 shares during the period. Avantax Planning Partners Inc.’s holdings in Home Depot were worth $10,416,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Cushing Capital Partners LLC acquired a new position in shares of Home Depot in the 4th quarter valued at about $779,000. Inspire Advisors LLC raised its position in Home Depot by 23.6% during the fourth quarter. Inspire Advisors LLC now owns 2,360 shares of the home improvement retailer’s stock valued at $918,000 after acquiring an additional 451 shares in the last quarter. Donaldson Capital Management LLC raised its position in Home Depot by 0.5% during the fourth quarter. Donaldson Capital Management LLC now owns 195,585 shares of the home improvement retailer’s stock valued at $76,081,000 after acquiring an additional 961 shares in the last quarter. Founders Financial Alliance LLC raised its position in Home Depot by 4.6% during the fourth quarter. Founders Financial Alliance LLC now owns 5,277 shares of the home improvement retailer’s stock valued at $2,053,000 after acquiring an additional 231 shares in the last quarter. Finally, Miller Financial Services LLC bought a new position in Home Depot during the fourth quarter valued at approximately $307,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.7 %

HD opened at $374.13 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm’s fifty day moving average price is $399.91 and its two-hundred day moving average price is $400.08. The company has a market capitalization of $371.65 billion, a P/E ratio of 25.42, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the previous year, the company earned $2.82 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.46%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s payout ratio is currently 61.66%.

Analyst Ratings Changes

Several equities analysts recently weighed in on HD shares. Robert W. Baird cut their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Company 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.