Woodard & Co. Asset Management Group Inc. ADV Raises Position in The Home Depot, Inc. $HD

Woodard & Co. Asset Management Group Inc. ADV grew its position in The Home Depot, Inc. (NYSE:HD) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,410 shares of the home improvement retailer’s stock after acquiring an additional 1,865 shares during the period. Home Depot comprises 0.7% of Woodard & Co. Asset Management Group Inc. ADV’s portfolio, making the stock its 28th largest holding. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Home Depot were worth $4,615,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Parvin Asset Management LLC boosted its holdings in 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 buying an additional 33 shares in the last quarter. Key Capital Management INC purchased a new stake in Home Depot during the fourth quarter worth about $28,000. Financially Speaking Inc purchased a new stake in Home Depot during the third quarter worth about $31,000. Disciplined Equity Management Inc. purchased a new stake in Home Depot during the fourth quarter worth about $34,000. Finally, Family CFO Inc purchased a new stake in Home Depot during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $324.22 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The stock has a market cap of $322.93 billion, a P/E ratio of 22.78, a PEG ratio of 3.54 and a beta of 1.00. The company has a 50-day moving average of $343.27 and a two-hundred day moving average of $359.22. The Home Depot, Inc. has a 12-month low of $315.31 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a $2.33 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is presently 65.50%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Sanford C. Bernstein boosted their price objective on shares of Home Depot from $381.00 to $390.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Morgan Stanley boosted their price objective on shares of Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Daiwa Securities Group boosted their price objective on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $435.00 price objective on shares of Home Depot in a report on Wednesday, March 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $414.17.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

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.