Creative Planning Boosts Stake in Home Depot by 7% in Q3

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The Home Depot ($NYSE:HD), Inc., commonly known as Home Depot, is an American home improvement retailer that sells a wide range of construction products, tools, and services. The company’s stock is publicly traded on the New York Stock Exchange under the ticker symbol HD. Recently, Home Depot made headlines as investment management firm Creative Planning increased its holdings in the company by 7.0% during the third quarter. This significant increase in Creative Planning’s stake in Home Depot shows a vote of confidence in the company’s overall performance and growth potential. Moreover, this boost in Creative Planning’s stake in Home Depot could also be seen as a positive sign for other investors considering investing in the company’s stock. With a reputable investment management firm showing confidence in Home Depot, it may encourage other investors to follow suit and invest in the company as well.

In addition to this increase in Creative Planning’s holdings, Home Depot has also been experiencing strong financial performance. This impressive growth can be attributed to the high demand for home improvement products and services during the pandemic as people spent more time at home and invested in their living spaces. In conclusion, Creative Planning’s 7% boost in stake in Home Depot during the third quarter, as revealed through the 13F filing, is a strong indication of the company’s potential for continued growth and success. With a solid financial performance and a vote of confidence from a reputable investment management firm, Home Depot remains a top contender in the home improvement retail industry.

Analysis

After thoroughly examining and analyzing the financials of HOME DEPOT, I have determined that it is a company of the ‘cow’ classification, meaning it has a track record of consistently and sustainably paying out dividends. This is an important factor for investors to consider, as consistent and reliable dividends can provide a steady source of income. With a high health score of 8/10, HOME DEPOT has shown strength in its cashflows and debt management. This indicates that the company is capable of sustaining its operations even in times of crisis, which is reassuring for investors. In terms of dividend, HOME DEPOT is strong and reliable. This is a positive indicator for income-seeking investors who prioritize receiving regular and stable dividends from their investments. Profitability is another area where HOME DEPOT shines, with a strong track record of generating profits. However, it may not be the best option for investors looking for rapid growth, as it falls in the medium category in this aspect. Lastly, while HOME DEPOT may not be the strongest in terms of assets, its overall financial health and track record make it an attractive option for investors seeking a stable and reliable investment. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Home Depot. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Home Depot. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Home Depot. More…

Key Ratios Snapshot

Some of the financial key ratios for Home Depot are shown below. More…

Peers

The Home Depot Inc is one of the leading home improvement retailers in the United States. The company operates more than 2,200 stores across the country. Lowe’s Companies Inc is another leading home improvement retailer in the United States. The company operates more than 1,700 stores across the country. Floor & Decor Holdings Inc is a leading specialty retailer of hard surface flooring in the United States. The company operates more than 100 stores across the country. Wayfair Inc is a leading online retailer of home furnishings and home décor products.

– Lowe’s Companies Inc ($NYSE:LOW)

Lowe’s Companies, Inc. is a home improvement company that operates stores in the United States, Canada, and Mexico. The company offers a wide variety of home improvement products, including appliances, tools, hardware, flooring, and more. Lowe’s is also involved in home improvement services, such as installation, repair, and remodeling. The company has a market cap of $114.17B and a return on equity of -99.39%.

– Floor & Decor Holdings Inc ($NYSE:FND)

Floor & Decor Holdings Inc is a specialty retailer of hard surface flooring and related accessories, with 97 stores across 27 states in the United States. The company offers a wide selection of ceramic tile, porcelain tile, natural stone, wood flooring, laminate, and vinyl flooring products. It also provides installation services for customers who purchase their products. Floor & Decor Holdings Inc has a market cap of 7.06B as of 2022, a Return on Equity of 14.88%.

– Wayfair Inc ($NYSE:W)

As of 2022, Wayfair Inc has a market cap of 3.37B and a Return on Equity of 29.2%. The company provides an online platform for home goods and furniture retailers. It operates through two segments, Direct and Marketplace. The Direct segment offers products through its own website. The Marketplace segment offers products through third-party websites.

Summary

Creative Planning, a financial planning and investment firm, has increased its holdings in The Home Depot by 7.0% in the third quarter. This indicates confidence in the company’s potential for growth and profitability. As a major retailer of home improvement products, The Home Depot has seen strong sales and earnings in recent years.

This trend is expected to continue as the company continues to innovate and expand its offerings. Creative Planning’s investment in the company aligns with this positive outlook and suggests that The Home Depot may be a solid choice for investors looking for potential returns in the retail sector.