Annex Advisory Services LLC Increases Holdings in The Home Depot, Inc. $HD

Annex Advisory Services LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 19.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,700 shares of the home improvement retailer’s stock after acquiring an additional 2,927 shares during the quarter. Annex Advisory Services LLC’s holdings in Home Depot were worth $6,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Brighton Jones LLC grew its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares during the period. Sivia Capital Partners LLC increased its holdings in Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares during the last quarter. Schnieders Capital Management LLC. raised its position in Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after acquiring an additional 1,433 shares during the period. Darwin Wealth Management LLC bought a new position in Home Depot in the second quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. boosted its stake in shares of Home Depot by 11.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after acquiring an additional 241 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.8%

Shares of HD stock opened at $353.65 on Wednesday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company’s fifty day moving average price is $337.39 and its 200-day moving average price is $342.43. The company has a market capitalization of $352.63 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 4.05 and a beta of 0.95.

Home Depot (NYSE:HD) last issued its 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 net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the firm posted $3.56 EPS. Home Depot’s quarterly 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. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot’s dividend payout ratio is 66.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 20th. Mizuho decreased their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Truist Financial lowered their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Morgan Stanley cut their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, TD Cowen restated a “buy” rating on shares of Home Depot in a research report on Monday. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $373.14.

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.