Axxcess Wealth Management LLC Buys 7,095 Shares of The Home Depot, Inc. $HD

Axxcess Wealth Management LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,113 shares of the home improvement retailer’s stock after purchasing an additional 7,095 shares during the period. Axxcess Wealth Management LLC’s holdings in Home Depot were worth $18,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Parvin Asset Management LLC increased its position 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 valued at $26,000 after acquiring an additional 33 shares during the last quarter. Advocate Investing Services LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $25,000. Key Capital Management INC purchased a new position in Home Depot during the 4th quarter valued at $28,000. Imprint Wealth LLC bought a new position in shares of Home Depot in the third quarter worth about $34,000. Finally, Abound Financial LLC purchased a new stake in shares of Home Depot during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Gordon Haskett boosted their target price on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. DA Davidson dropped their price target on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. JPMorgan Chase & Co. lowered their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Royal Bank Of Canada cut their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 20th. Finally, Piper Sandler decreased their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $371.71.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot is being highlighted in analyst coverage after its latest earnings report, with commentary focused on whether the stock can keep its recent momentum. Home Depot (HD) Up 5.4% Since Last Earnings Report: Can It Continue?
• Positive Sentiment: Home Depot also appeared in analyst research roundups, which can reinforce investor attention around the stock and keep sentiment supported. The Zacks Analyst Blog Highlights NVIDIA, Oracle, Home Depot, Catalyst Bancorp and Hour Loop
• Positive Sentiment: Another research note featured Home Depot among top analyst reports, a sign that the company remains in focus for Wall Street watchers. Top Analyst Reports for NVIDIA, Oracle & Home Depot
• Neutral Sentiment: Home Depot was included in a promotional article about its “Skelly” character being used in World Cup marketing, which is more of a brand-awareness item than a direct earnings driver. Home Depot Stock (NYSE:HD) Ticks Up as It Brings Out Skelly for World Cup
• Negative Sentiment: Separately, Home Depot was named in an HRC survey as a company some LGBTQ+ consumers perceive as rolling back DEI commitments, a reputational headline that could weigh on sentiment even if the direct financial impact is unclear. Home Depot (HD) Named In HRC Survey On DEI Pullback Perceptions

Home Depot Price Performance

HD stock opened at $334.72 on Friday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The stock’s 50 day moving average price is $323.27 and its 200 day moving average price is $346.47. The firm has a market cap of $333.75 billion, a P/E ratio of 23.77, a PEG ratio of 3.78 and a beta of 0.97.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter last year, the business posted $3.56 earnings per share. Home Depot’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.

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.