The Home Depot, Inc. (NYSE:HD) Shares Bought by Investment Advisory Services Inc. TX ADV

Posted by Defense World Staff on Jul 11th, 2023

Investment Advisory Services Inc. TX ADV grew its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 13,131 shares of the home improvement retailer’s stock after purchasing an additional 143 shares during the quarter. Home Depot accounts for 1.9% of Investment Advisory Services Inc. TX ADV’s portfolio, making the stock its 12th largest position. Investment Advisory Services Inc. TX ADV’s holdings in Home Depot were worth $3,875,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HD. Norges Bank acquired a new stake in Home Depot during the fourth quarter valued at approximately $3,740,875,000. Moneta Group Investment Advisors LLC lifted its position in shares of Home Depot by 105,205.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after acquiring an additional 10,984,516 shares during the last quarter. Cottage Street Advisors LLC lifted its position in shares of Home Depot by 26,657.7% during the 4th quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock valued at $659,000 after acquiring an additional 3,567,063 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Home Depot by 37.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,176,774 shares of the home improvement retailer’s stock worth $2,582,715,000 after acquiring an additional 2,247,709 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Home Depot during the first quarter worth $563,524,000. Institutional investors and hedge funds own 69.91% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $310.28 on Tuesday. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The company has a market cap of $311.95 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.97 and a beta of 0.94. The firm has a fifty day moving average price of $297.14 and a two-hundred day moving average price of $302.30. The Home Depot, Inc. has a fifty-two week low of $265.61 and a fifty-two week high of $347.25.

Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.02. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The firm had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. During the same period in the previous year, the company posted $4.09 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts expect that The Home Depot, Inc. will post 14.97 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $2.09 dividend. This represents a $8.36 annualized dividend and a yield of 2.69%. The ex-dividend date was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is presently 50.94%.

Wall Street Analyst Weigh In

A number of analysts have commented on HD shares. Citigroup reduced their price objective on shares of Home Depot from $332.00 to $327.00 in a research note on Wednesday, May 10th. Robert W. Baird lifted their price objective on shares of Home Depot from $310.00 to $330.00 in a research report on Tuesday, June 13th. TheStreet cut Home Depot from a “b” rating to a “c+” rating in a research report on Tuesday, May 16th. Credit Suisse Group decreased their price objective on Home Depot from $320.00 to $310.00 in a research report on Wednesday, May 17th. Finally, Truist Financial reduced their price target on shares of Home Depot from $352.00 to $318.00 in a research report on Wednesday, May 17th. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $323.43.

Insider Transactions at Home Depot

In related news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total value of $440,221.18. Following the sale, the executive vice president now owns 13,958 shares of the company’s stock, valued at approximately $4,090,950.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is owned by insiders.

Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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.