Planning Alternatives Ltd. ADV Makes New Investment in The Home Depot, Inc. $HD

Planning Alternatives Ltd. ADV purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the third quarter, Holdings Channel.com reports. The fund purchased 1,405 shares of the home improvement retailer’s stock, valued at approximately $569,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Silphium Asset Management Ltd grew its position in Home Depot by 77.2% during the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock valued at $5,488,000 after acquiring an additional 5,900 shares during the period. West Family Investments Inc. lifted its stake in shares of Home Depot by 65.6% in the 2nd quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock valued at $1,331,000 after purchasing an additional 1,438 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after purchasing an additional 3,608 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Home Depot by 2.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after purchasing an additional 12,239 shares during the period. Finally, Atlantic Union Bankshares Corp increased its position in Home Depot by 59.9% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after purchasing an additional 40,232 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $366.54 on Wednesday. The firm has a 50-day moving average of $372.67 and a two-hundred day moving average of $379.26. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The stock has a market cap of $364.89 billion, a P/E ratio of 25.76, a PEG ratio of 13.29 and a beta of 1.09. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. During the same quarter in the previous year, the firm posted $3.13 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, March 12th. This is an increase 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 2.5%. Home Depot’s dividend payout ratio is 64.65%.

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,963 shares of company stock worth $1,748,845. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HD shares. Piper Sandler reduced their price target on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Telsey Advisory Group increased their price objective on shares of Home Depot from $410.00 to $435.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Daiwa Securities Group lifted their target price on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Jefferies Financial Group increased their price target on Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, BNP Paribas Exane boosted their price objective on Home Depot from $355.00 to $391.00 in a research note on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

Home Depot 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.